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FE D E R A L R E S E R V E BANK O F N EW YORK Fiscal Agent of the United States r Circular N o. 4 8 1 2 1 L Novem ber 23, 1959 J 4 PERCENT TREASURY NOTES OF SERIES B-1962 Preliminary Figures on February 15, 1960 Redemptions To A ll Banking In stitution s, and Others Concerned, in th e Second Federal R eserve D istrict: The following statement was made public today: The Treasury Department announced today that on the basis o f preliminary reports holders o f $157 m illion o f the remaining $317 million o f outstanding 4 percent Treasury Notes o f Series B-1962 (originally issued in the amount o f $2 billion) have exercised the option to redeem their notes on February 15, 1960, at par and accrued interest on that date. The notes were issued on September 26, 1957, and will mature on August 15, 1962. H olders o f $1,684 m illion o f the notes took advantage o f the offering to exchange their notes for 4 % percent Treasury Notes o f Series C-1963, dated November 15, 1959, and maturing November 15, 1963. The books were open for this exchange on November 2 through November 4. W ith the redem ption on February 15, 1960, o f $157 m illion o f the notes o f Series B-1962, the amount o f the issue remaining outstanding fo r redemption on A ugust 15, 1962, will be $160 million. Notice o f intention to redeem on February 15, 1960, must have been given in w riting directly to any Federal Reserve Bank or Branch or to the office o f the Treasurer o f the United States, or placed in the mail prior to midnight November 16, 1959. A notice may not be revoked. The notes to be redeemed on February 15, 1960, will be stamped to show that they are payable on that date, and the coupons m aturing after that date, attached to the notes, have been cancelled. A lfred H ayes, President.
@FedFRASER