View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

F E D E R A L RESERVE BANK
O F N E W YORK

Certificates of Indebtedness
Department

[Circular No. 3581
[March 31, 1921J

Treasury Certificates Maturing April 15, 1921
Redeemable in Cash
At Holder's Option on and after April 1, 1921
To all Banks, Trust Companies, Savings Banks, Bankers, Investment Dealers
and Principal Corporations in the Second Federal Reserve District:
The Secretary of the Treasury has authorized this bank on and after Friday, April 1,
1921, and until further notice to redeem in cash before April 1.5, 1921, at the holder's
option, at par and accrued interest to the date of such optional redemption Treasury
certificates of indebtedness of Series E 1921 maturing April 15, 1921.
As stated by the Treasury, March collections of income and profits taxes have
amounted to slightly over $700,000,000 and have thus exceeded by about $125,000,000
the March 15 maturities of principal and interest.

This margin is, therefore, available

lo meet other Treasury requirements including the Treasury certificates above called
for redemption which were offered with a maturity one month after the quarterly tax payment date in the expectation that they might be retired out of tax receipts.




Very truly yours,
BENJ.

STRONG

Governor


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102