Full text of Federal Reserve Bank of New York Circulars : 3988. Appendix to Operating Circular No. 17, First Supplement to Operating Circular No. 17

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

FED ERAL RE SE R V E BANK
O F NEW YORK
Fiscal A g en t o f the U nited States

r Circular No. 3 9 8 8 T
L
June 18, 1953
J

Appendix to Operating Circular No. 17
First Supplement to Operating Circular No. 17

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

E nclosed is a co p y o f the A ppendix, dated June 18, 1953, to
O perating Circular N o. 17. It lists the series o f T reasury bonds that
m ay be redeem ed at p a r to p a y F ederal estate taxes, and sets forth the
conditions the T rea su ry D epartm ent im poses on the redem ption o f
those bonds fo r that purpose. The A ppen d ix incorporates inform ation
previously set forth in our Circular N o. 3722, dated June 18,1951, which
is now su perseded; it also includes new m atter resulting fro m a later
amendment b y the T reasury to the provisions governing the redem p­
tion o f bonds at par. F inally, it includes in the list o f bonds that m ay
be redeem ed at par the recent issue o f 3^4 per cent bonds o f 1978-83,
dated M ay 1, 1953.
A lso enclosed is a cop y o f the F irst Supplement, dated June 18,
1953, to O perating Circular No. 17, which amends paragraphs 22 and 23
o f the operating circular as stated therein.
A dditional copies o f the A ppen d ix and o f the F irs t Supplem ent
w ill be furnished upon request.




A

llan

S proul,

President.