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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)