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FEDERAL RESERVE BANK OF DALLAS
FISCAL. A G E N T O F TH E U N ITE D ST A T E S

Dallas, Texas, May 12, 1949

C A L L FO R R ED EM PTIO N
2 Percent Treasury Bonds o f 1949-51

To A ll Banking Institutions, and O thers Concerned,
in the Eleventh Federal Reserve D istrict:

There is quoted below text of a formal notice dated May 13, 1949, by
the Secretary of the Treasury calling the 2 percent Treasury Bonds of
1949-51 for redemption on September 15, 1949:
“To Holders of 2 percent Treasury Bonds of 1949-51 (dated May
15, 1942), and Others Concerned:
“Public notice is hereby given that all outstanding 2 percent
Treasury Bonds of 1949-51, dated May 15, 1942, are hereby called
for redemption on September 15, 1949, on which date interest on
such bonds will cease.
“Holders of these bonds may, in advance of the redemption date,
be offered the privilege of exchanging all or any part of their
called bonds for other interest-bearing obligations of the United
States, in which event public notice will hereafter be given and an
official circular governing the exchange offering will be issued.
“Full information regarding the presentation and surrender of
the bonds for cash redemption under this call will be found in
Department Circular No. 666, dated July 21, 1941.”
As you will observe, holders of these bonds may be given the privilege
of exchanging all or any part of their holdings for other interest-bearing
obligations of the United States. In this event, notice will be given of such
exchange privilege in advance of the redemption date, and appropriate
forms to accompany the bonds for redemption or exchange will be for­
warded to you.
Yours very truly,
R . R . G ILB E R T

President

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