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FED ERAL R E SE R V E BANK O F NEW YORK Fiscal A g en t o f the U nited States r Circular No. 4 0 2 2 * 1 L September 29, 1953 J Interest Rates on New Treasury Savings Notes To A ll Banking In stitution s, and Others Concerned, in the Second Federal R eserve D istrict: The follow in g statement was made public to d a y : The Treasury Department announced today that the new Series C Treasury Savings Notes which w ill be made available on October 1, 1953, will have an approximate interest rate o f 1.56 percent p er annum if held fo r six months, 1.91 percent fo r one year, 2.10 percent fo r eighteen months and 2 . 2 1 percent if held fo r the fu ll two years to maturity. A llan S proul, P resident.
@FedFRASER