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FEDERAL RESERVE BANK OF DALLAS
F ISC A L A G EN T O F T H E U N ITED STA TES

Dallas, Texas, April 15, 1959

OPTIONAL REDEMPTION — 4 %

TREASURY NOTES, SERIES A-1961

To all Banking Institutions and Others Concerned
in the Eleventh Federal Reserve District:

Pursuant to the terms of Treasury Department Circular No. 992, dated July 22, 1957,
holders of 4 percent Treasury Notes of Series A-1961 have the option of redeeming their notes
on August 1, 1959, at par and accrued interest. If this option is not exercised by May 1, 1959,
these notes will be due and payable August 1, 1961.
Notice of Intention to Redeem August 1, 1959

Notice of intention to redeem August 1, 1959, must be given in writing and may be directed
to any Federal Reserve bank or branch or to the office of the Treasurer of the United States.
A notice may not be revoked. In order to be considered timely, the notice must be placed in the
mail before midnight May 1, 1959, and must identify the securities by loan title, denomination,
serial numbers and total face amount.
Temporary Surrender of Notes to be Redeemed August 1, 1959

The 4 percent Treasury Notes of Series A-1961 which are to be redeemed August 1, 1959,

shall be temporarily surrendered to the office to which notice is given at the time of filing such
notice. A legend will be placed on the face of each note that is payable August 1, 1959, and
coupons Nos. 5, 6, 7 and 8 will be stamped “Cancelled — Ineligible for Payment.” Interest will
cease August 1, 1959, on notes bearing these notations.
General Information

Notes which are not surrendered by May 1, 1959, with timely notice, will be due and
payable August 1, 1961, and all interest coupons will be valid. There will not be any payment
date established for the offering other than set forth in the offering circular and this letter.
Notes that have been surrendered and stamped with the August 1959 payment legend
may be sold, transferred or exchanged during the period May 1, 1959, through August 1, 1959,
just as if they did not bear the optional redemption legend.
Delivery to Federal Reserve banks and return to holders, of notes to be redeemed on
August 1, 1959, will be at the risk and expense of the holders.
Yours very truly,
Watrous H. Irons

President

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102