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F E D E R A L R E S E R V E BANK
OF NEW YORK
Fiscal A gent of the United States

r Circular No. 4 4 4 7 "1
April 9, 1957
J

L

SERIES F AN D G SAVINGS BONDS

N o Exchange Offering in A pril

T o A ll B anking In stitution s, and Others Concerned,
in th e Second F edera l R eserve D is tr ic t:

The follow in g statement was made public today b y the T reasury
D epartm ent:
W hile the Treasury is still actively considering an exchange offer of
marketable bonds to holders o f Series F and G Savings bonds, no offering
will be made this month.




A

lfred

H

ayes,

President.