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FEDERAL RESERVE BANK
OF NEW YORK

Government Bond
Department

r Circular No. 639T
November 26, 1921
L Reference to Circular 636J

Redemption of United States Bonds Before Maturity
4 Per Cent. Bonds of the Loan of 1925 Dated February 1, 1895
May Be Cashed Now at Holder's Option

To all Banks, Trust Companies and Savings Banks
in the Second Federal Reserve District:

Secretary Mellon today announced that he has authorized the Treasurer of the
United States and the Federal Reserve Banks on and after this date to redeem in
cash before February 2, 1925, at the holders' option, the four per cent, bonds of the
Loan of 1925, dated February 1, 1895, and called for redemption February 2, 1925.
We are prepared to redeem such bonds accordingly, and will handle transactions
in the manner prescribed in Treasury Department Circular No. 346, dated October
15, 1924, governing the redemption of these bonds.
Coupon bonds may be redeemed, upon presentation, at par and accrued interest.
Registered bonds properly assigned must be forwarded to the Division of Loans
and Currency for discharge of registration and subsequent payment by check of the
Treasurer of the United States covering par and accrued interest to the date of
discharge of registration.
Very truly yours,




BBNJ. STBONG,

Governor.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102