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FEDERAL RESERVE BANK OF NEW YORK Government Bond Department ' \\.° -(-crms x w-o,v t«. b ' -*• 3 [ C i r c u l a r No. 498*1 [ October 24, 1922 J Redemption of Treasury Certificates and Victory Notes In Advance of Maturity December 15th Certificates, and 4 ^ Per Cent. Victorys Called for Redemption, May Be Cashed Now at Holder's Option To all Banks, Trust Companies, Savings Banks, Bankers, Investment Dealers, Principal Corporations and Others Concerned in the Second Federal Reserve District: In accordance with the Treasury's announcement of yesterday, holders of Treasury certificates maturing on December 15 have the option of surrendering them for redemption in cash before maturity, and we are now prepared to redeem these obligations at par and accrued interest to the date of optional redemption. Called 4% Per Cent. Victory Notes Redeemable in Advance of December 15 Similarly under Treasury regulations we will also continue to redeem in cash any 4% per cent. Victory notes bearing the distinguishing letters A, B, C, D, E, or F, called for redemption on December 15 which you may elect to surrender to us for prior redemption, and payment will be made at par and accrued interest to the date of such optional redemption. In that event coupon notes must have all unmatured coupons attached including the coupons due on December 15, while registered notes should be properly assigned to "The Secretary of the Treasury for redemption." V £v\«,\%? You will find enclosed appropriate forms of advice to accompany the certificates or notes of the above issues. We will redeem these obligations immediately upon presentation unless you request us to hold them for redemption on December 15. Very truly yours, BENJ. STRONG, Governor
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