Full text of Federal Reserve Bank of New York Circulars : 3732. Treasury Financing, Press Statement

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FE D E R AL R E SE R V E BANK
OF N E W YORK
Fiscal Agent of the United States

rCircular No. 3 7 3 2 T
L
July 12, 19S1
J

T R E A S U R Y FINANCING

Press Statement

To all Banks, and Others Concerned,
in the Second Federal Reserve D istrict:

The following statement was made public today:
Secretary o f the Treasury Snyder announced today that the subscription
books w ill open on Monday, J u ly 16, for the exchange o f the l 1/^ percent
Treasury Notes o f Series E-1951, in the amount of $5,351,142,000, maturing
August 1, 1951.
The holders o f these securities w ill be offered an eleven-month 1 % per­
cent certificate o f indebtedness.

Additional copies o f this circular will bo furnished upon request.




A llan

S proul,

President.