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F E D E R AL R E S E R V E B AN K OF N EW YORK Fiscal Agent of the United States (-Circular N o. 3 7 6 2 1 I September 26, 19S1 J TREASURY FINANCING T o all B anks, and Others Concerned, in the Second Federal R eserve D is tr ic t: Secretary o f the Treasury Snyder has announced that the sub scription books will open on Monday, October 1, fo r the exchange of the 12 percent Treasury Notes o f Series F-1951, maturing October 15, /4 1951, in the amount of $5,940,578,000, and the l 1 percent Treasury /^ Notes o f Series G-1951, maturing November 1, 1951, in the amount o f $5,253,075,000. The holders of these securities will be offered a iyg percent certifi cate o f indebtedness to be dated October 15, 1951, and to mature October 1, 1952. In the case o f the November 1 notes exchanged, inter est will be adjusted to October 15. Additional copies o f this circular will be furnished upon request. A l l a n S p r o u l , President.