The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF N E W YORK Fiscal Agent of the United States Circular N o. 6377 July 3 0 , 1969 [* '] To All Banking Institutions, and Others Concerned, in the Second Federal Reserve District: The following statement was made public today by the T reasu ry Department: TR EASU R Y ANNOUNCES AUGUST 15 REFUNDING TERM S The T reasu ry today announced that it is offering holders of the $3 ,3 6 6 m illion of 6% T reasu ry Notes of S eries C -1 9 6 9 , maturing August 15, 1969, the right to exchange their holdings for a 7 - 3 /4 % 1 8 -m onth T reasu ry note to be dated August 15, 1969, to mature February 15, 1971, at a p rice of 99.90 to yield about 7.8 2% . Subscribers will receive a cash payment fo r the difference between the par value of the maturing notes and the offering p rice of the new notes. The public holds about $3.2 billion of the maturing notes. Cash subscriptions fo r the new notes w ill not be received. The books w ill be open fo r three days only, on August 4 through August 6, for the receipt of subscriptions. Subscriptions addressed to a Federal R eserve Bank or Branch, or to the Office of the T rea su rer of the United States, and placed in the m ail b efore midnight August 6, w ill be considered as tim ely . The payment and delivery date fo r the notes will be August 15, 1969. The notes w ill be available in registered as well as b ea re r fo rm . A ll su b scrib ers r e questing registered notes w ill be required to furnish appropriate identifying num bers as required on tax returns and other documents submitted to the Internal Revenue Service. Coupons dated August 15, 1969, on the maturing notes should be detached and cashed when due. The August 15, 1969 interest due on registered notes w ill be paid by issu e of interest checks in regular course to holders of record on July 15, 1969, the date the tran sfer books closed . Interest on the new notes w ill be payable on February 15 and August 15, 1970, and F ebru ary 15, 1971. The official offering circu la r and subscription fo rm fo r this offering will be m ailed to reach you by Monday, August 4; however, if they do not reach you by that date, subscriptions may be entered by teleg ra m or letter, subject to confirm ation on the fo rm s provided. Alfred Hayes, President.
@FedFRASER