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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 ITE D S T A T E S Dallas, Texas, May 8, 1951 STATEMENT WITH RESPECT TO THE CALL OF THE 3 PERCENT TREASURY BONDS OF 1951-55 AND THE OFFERING OF A NEW SERIES OF TREASURY SAVINGS NOTES To All Banking Institutions, and Others Concerned, in the Eleventh Federal Reserve District: Your attention is invited to the following announcement issued today: “ Secretary of the Treasury Snyder announced today that on May 14, 1951, he will call for redemption the 3 percent bonds of September 15, 1951-55, which are outstanding in the amount of $755,000,000. The 2 percent bonds of 1951-53, which are also call able on September 15, 1951, will not be called for redemption on that date. “ Secretary Snyder also stated that beginning on May 15, he will offer for continuous subscription a new series of Treasury Savings Notes. These notes will be similar to the series now being offered, except that the interest return will run from 1.44 percent if the notes are held for six months or less, to 1.88 percent if the notes are held for the full 3-year term. “ Further details with respect to this offering will be an nounced later.” Yours very truly, R. R. GILBERT President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)