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 F is c a l A g e n t o f th e U n ite d States f Circular S o . 4 0 4 5 * 1 L November 16, 1953 J TREASURY FINANCING T o A ll B a n k in g In s titu tio n s , a n d O th ers C o n cern ed , in t h e S e c o n d F e d e r a l R e s e r v e D i s t r i c t : The following statement was made public tod a y : S ecreta ry o f the T rea su ry H u m p h re y an n ou n ced to d a y that the su b scrip tio n books w ill op en on W e d n e sd a y , N ovem ber 18, f o r the exch ange o f the 2Ys p ercen t T rea su ry n otes m a tu rin g o n D ecem b er 1 ,1 9 5 3 , in the am ount o f $10 b illion. H old ers o f the m a tu rin g n otes w ill be offered a ch oice o f exch an gin g them fo r 1 % p e rce n t n otes m a tu rin g D ecem b er 1 5 ,1 9 5 4 , o r 2 Yz p e rce n t bon ds m a tu rin g D ecem ber 15, 1958. T he bon ds w ill be an a d d itio n a l a m ou n t o f the issue d a ted F e b ru a r y 15, 1953. S u b scrip tion s w ill b e receiv ed p a r fo r p a r in th e case o f th e new notes, an d at p a r a n d a ccru e d in terest fr o m J u n e 15, 1953, in the ease o f the bonds. T h e c o lle ctio n o f a ccru e d in terest is n ecessary to m ake the b on d s fr e e ly in terch an geable w ith those a lrea d y ou tstan d in g. T he su b scrip tio n books w ill close a t the close o f business F r id a y , N ovem b er 20. A n y su b scrip tion addressed to a F e d e ra l R eserve B a n k o r B ra n ch or to the T re a su ry D ep a rtm en t an d p la ce d in the m ail b e fo re m id n ig h t N ovem ber 20 w ill be con sid ered as tim ely. Copies of the official exchange offering circular and subscription form s will be mailed to reach you on November 18. A llan S proul, President.
@FedFRASER