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FE D E R A L R E SE R V E BANK O F NEW YORK Fiscal Agent of the United States fC ir cu la r N o . 4 5 6 6 1 I F e b ru a ry 14, 1958 J NOTICE OF CALL FOR REDEMPTION 234 PERCENT TREASURY BONDS OF 1958-63 T o all Banks and Others Concerned in the Second F ederal R eserve D istrict : The Treasury Department today issued the official notice of call for redemption on June 15, 1958, of the partially tax-exempt 2% percent Treasury Bonds of 1958-63, dated June 15, 1938, due June 15, 1963. There are now outstanding $918,780,600 of these bonds. A Treasury statement issued simultaneously with the notice indicated that it has been the practice of the Treasury to call the partially tax-exempt bonds at the first call dates. The reason given for this is that “ the total cost of these borrowings to the Treasury, taking into account interest and the tax advantages to the holders, is greater than the cost based upon current interest rates of new issues of comparable maturities.” The text of the formal notice of call is as follows: TWO AND THREE-QU ARTERS PERCENT TREASU RY BONDS OF 1958-63 (D A T E D JUNE 15, 1938) NOTICE OF CALL FOR REDEMPTION To Holders of 2$4 percent Treasury Bonds of 1958-63, and Others Concerned: 1. Public notice is hereby given that all outstanding 2% percent Treasury Bonds of 1958-63, dated June 15, 1938, due June 15, 1963, are hereby called for redemption on June 15, 1958, on which date interest on such bonds will cease. 2. Holders o f these bonds may, in advance of the redemption date, be offered the privilege o f exchanging all or any part o f their called bonds for other interest-bearing obligations of the United States, in which event public notice will hereafter be given and an official circular governing the exchange offering will be issued. 3. Full information regarding the presentation and surrender of the bonds for cash redemption under this call will be found in Department Circular No. 300, Revised, dated April 30, 1955. R o b e r t B. A n d e r s o n , Secretary of the Treasury. TREASU RY DEPARTM ENT, “Washington, February 14, 1958. Additional copies of this circular will be furnished upon request. A lfred H ayes, President.
@FedFRASER