The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States r Circular N o. 5 3 3 0 1 L A pril 24, 1963 J Treasury Announces $9.5 Billion May 15 Refunding To All Banking Institutions, and Others Concerned, in the Second Federal Reserve D istrict: The following statement was made public today by the Treasury Department: The Treasury is offering holders o f Treasury securities maturing May 15, aggregating $9,495 million, the right to exchange them fo r any of the follow ing securities: A 3x/4 percent Treasury Certificate of Indebtedness o f Series B-1964, to be dated May 15, 1963, and to mature May 15, 1964, at p a r; or A n additional amount o f 3 % percent Treasury Notes o f Series B-1966, dated May 15, 1962, and matur ing February 15, 1966, o f which $2,380 m illion are now outstanding, at par and accrued interest from February 15 to May 15, 1963. Cash subscriptions fo r the new securities will not be received. The maturing issues eligible for exchange are as follow s: $5,284 million o f 3*4 percent Treasury Certificates of Indebtedness of Series B-1963, dated May 15, 1962, $1,183 million of 4 percent Treasury Notes o f Series B-1963, dated A p ril 1, 1959, and $3,027 million of 3 % percent Treasury Notes o f Series D-1963, dated M ay 15, 1961. Exchanges o f the maturing 3 % percent certificates and the 4 percent and 3Vi percent notes will be be made in a like face amount of the new securities as of M ay 15. Coupons dated May 15 on the maturing certificates and notes should be detached and cashed when due. The subscription books will be open only on A p ril 29 through May 1 for the receipt o f subscriptions. Subscriptions for either issue addressed to a Federal Reserve Bank or Branch, or to the Office o f the Treasurer of the United States, and placed in the mail before midnight, May 1, will be considered timely. The payment and delivery date for the new securities will be May 15, 1963. The new certificates of indebt edness will be available only in bearer form . The new notes will be made available in registered as well as bearer form . A ll subscribers requesting registered notes w ill be required to furnish appropriate identifying numbers as required on tax returns and other documents submitted to the Internal Revenue Service. Interest on the 3%. percent certificates will be payable on November 15, 1963, and May 15, 1964. Interest on the 3 % percent notes is payable on February 15 and A ugust 15. Circulars and subscription forms for the offering will be mailed to reach you by Monday, April 29. A lfred H ayes, President.
@FedFRASER