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FE D E R A L R E SE R V E BANK
OF NEW YORK
Fiscal A gen t o f the U nited States

r Circular N o. 4 3 1 8 1
M arch 9, 1956
J

L

TREASURY’S CURRENT EXCHANGE OFFERINGS
Preliminary Figures on Exchanges of Maturing Issues

T o A ll Banking In stitution s, and Others Concerned,
in the Second Federal B eserve D istrict:

The follow in g statement was made public tod a y:
Preliminary figures show that over $9.3 billion of the Treasury notes
maturing March 15 and A pril 1 have been exchanged for the new 2% percent
certificates of indebtedness maturing February 15, 1957, and the 2% percent
Treasury notes maturing June 15, 1958. About $7*4 billion were exchanged
for the 2 % percent certificate and about $2.1 billion for the 2% percent
note. Only about $150 million remain for cash redemption.
Further details regarding the exchange will be announced next week
after final reports are received.




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