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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, January 2, 1963 TREASURY ANNOUNCES COUPON RATES ON BONDS TO BE SOLD AT COMPETITIVE BIDDING To All Banking Institutions and Others Concerned in the Eleventh Federal Reserve District: There is quoted below a press statement released by the Treasury Department today announcing the provisions relating to the coupon rate of interest on Treasury Bonds of 1988-93, which are to be sold at competitive bidding: Treasury Gives Competitive Bidders for Bonds Choice of 4 or 4'/s Percent Coupon Interest Rate Acting Treasury Secretary Henry H. Fowler today announced that bidders will be offered the option of bidding upon either a 4 percent or 4 Vs percent coupon rate for the $250,000,000 Treasury Bonds of 1988-93, the first to be sold to underwriters under competitive bidding. Each bidder may submit only one bid which must specify one of these two coupon rates. The successful bidder will be required to make a bona fide reoffering of all the bonds to the investing public. As previously announced, bidders must file a notice of intent to bid at the Federal Reserve Bank of New York not later than 12:00 noon, Eastern Standard time, on January 4, 1963. Final bids must be received at the same place not later than 11:Q0 a.m., Eastern Standard time, on Tuesday, January 8, 1963. The bonds will mature on February 15, 1993, but may be called for payment on February 15, 1988, or any interest payment date thereafter. The bonds will be dated January 17, 1963. Interest will be payable on February 15 and August 15 of each year until the bonds mature or are called. The first interest coupon, payable August 15, 1963, will cover interest accrued between January 17, 1963 and August 15, 1963. Payment for the bonds must be made in immediately available funds not later than 11:00 a.m., Eastern Standard time, on January 17, 1963. The supplement to the public notice of invitation to bid is quoted on the reverse side o f this statement. Forms for filing written notice of intention to bid and other related material will be furnished upon request 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) T R E A SU R Y D E P A R T M E N T January 2, 1963 Washington 25, D. C. SUPPLEMENT TO PUBLIC NOTICE OF INVITATION TO BID FOR TREASURY BONDS OF 1988-93 This supplements Section III of the Public Notice of Invitation T o Bid, dated December 20, 1962, under which provisions relating to the coupon rate of interest on the above issue of Treasury bonds were left open to subsequent announcement Public notice is hereby given that each bidder shall have the choice of a coupon rate of interest of either 4 percent or 4 Vs percent. Each bidder may submit only one bid which must specify one of the above coupon rates. Henry H. Fowler, Acting Secretary of the Treasury