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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States f Circular No. 28271 I August 14,1944 J FOUR PERCENT TREASURY BONDS OF 1 9 4 4 - 5 4 NOTICE OF CALL FOR REDEMPTION To all Banks and Trust Companies in the Second Federal Reserve District and Others Concerned: Following is a copy of a press statement containing the text of a public notice of call dated August 14,1944, issued by the Secretary of the T r e a s u r y : TREASURY DEPARTMENT Washington FOR RELEASE, MORNING NEWSPAPERS, Monday, August 14, 1944. • * Press Service The Secretary of the Treasury announced today that all outstanding 4 percent Treasury Bonds of 1944-54 are called for redemption on December 15, 1944. Approximately $1,037,000,000 of these bonds are now outstanding. The text of the formal notice of eall is as follows: FOUR PERCENT TREASURY BONDS OF 1944-54 NOTICE OF CALL FOR REDEMPTION To Holders of 4 percent Treasury Bonds of 1944-54, and Others Concerned: 1. Public notice is hereby given that all outstanding 4 percent Treasury Bonds of 1944-54, dated December .15, 1924, are hereby called for redemption on December 15, 1944, on which date interest on such bonds will cease. 2. 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. 3. 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. HENRY MORGENTHAU, JR., Secretary of the Treasury. TREASURY DEPARTMENT, Washington, August 14, 1944. Additional copies of this circular will be furnished upon request. AT,LAN SPBOTJL, President. FEDERAL RESERVE BANK OF NEW YORK August 14, 1944. To all Banking Institutions in the Second Federal Reserve District: We are pleased to announce that The Luzerne-Hadley Bank, Luzerne (P.O., Lake Luzerne, N. Y.), New York, has become a member of the Federal Reserve System effective August 14, 1944. ALLAN SPROUL, President.