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FEDERAL RESERVE BANK OF DALLAS
F IS C A L A G E N T O F TH E

U N IT E D S T A T E S

D
allas, Texas, O
ctober 29, 1959

OPTIONAL REDEMPTION — 4 % TREASURY NOTES, SERIES B-1962

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

Pursuant to the terms of Treasury Department Circular No. 995, dated September 16, 1957,
holders of 4 percent Treasury Notes of Series B -1962 have the option of redeeming their notes
on February 15, 1960, at par and accrued interest. If this option is not exercised by November
16, 1959, these notes will be due and payable August 15, 1962.

Notice of Intention to Redeem February 15, 1960
Notice of intention to redeem February 15, 1960, 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 m ay not be revoked. In order to be considered timely, the notice must be placed
in the mail before midnight November 16, 1959, and must identify the securities by loan title,
denomination, serial numbers and total face amount.

Temporary Surrender of Notes to be Redeemed February 15, 1960
The 4 percent Treasury Notes of Series B -1962 which are to be redeemed February 15,
1960, 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 February 15, 1960,
and coupons Nos. 6, 7, 8, 9 and 10 will be stamped “Cancelled — Ineligible for Payment.”
Interest will cease February 15, 1960, on notes bearing these notations.

General Information
Notes which are not surrendered by November 16, 1959, with timely notice, will be due and
payable August 15, 1962, 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 bearing the legend referred to above may be sold, transferred or exchanged during
the period November 16, 1959, through February 15, 1960, 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
February 15, 1960, 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