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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.