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FEDERAL RE SE R V E BANK O F NEW YORK Fiscal A g e n t o f the U nited States r Circular No. 4 0 2 1 "I L September 25, 1953 J TREASURY SAVINGS NOTES, SERIES B Withdrawal From Sale T o A ll Banking In stitution s, and Others Concerned, in th e Second Federal R eserve D istrict: The follow in g statement w as made public to d a y : The Secretary o f the Treasury announced today that the sale o f Treasury Savings Notes, Series B , offered under Treasury Department C ir cular No. 922, dated May 11,1953, will be terminated at the close o f business F riday, September 25, 1953. A new series o f Treasury Savings Notes with interest rates revised downward to reflect recent changes in the Government securities market will be made available fo r purchase on October 1, 1953. A pplications fo r the present series placed in the mail before 7 :00 o ’clock p.m., Eastern D aylight Saving time, September 25, 1953, and those received by commercial banks and paid fo r b y credit in the Treasury Tax and Loan Accounts before the close o f business F rid ay, September 25, will be considered as having been entered before the termination o f the sale o f such notes. A llan S proul, President.
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