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FEDERAL RESERVE BANK OF NEW YORK F i s c a l A g e n t o f th e U n ite d S t a t e s Circular N o. 6861 | December 16, 1971 Savings Notes (Freedom Shares) Eligible for Exchange for Series H Savings Bonds, Effective January 1, 1972 May and June 1972 Redemption Value Tables for Savings Notes To Be Revised To Paying Agents for Savings Bonds in the Second Federal R eserve District: The Treasury Department has revised its Department Circular No. 1036 to provide that, effective January 1, 1972, United States Savings Notes (Freedom Shares) will be eligible for exchange, alone or in combination with Series E bonds, for Series H bonds. Paying agents are authorized to accept these exchange subscriptions and, starting in January 1972, to process them in the manner now prescribed for Series E bond exchanges in Treasury Department Circular No. 750 and the re lated Memorandum of Instructions and Explanation. Bonds and notes paid by agents on these exchanges may be batched together for transmittal to this Bank. Copies of the exchange subscription form for Series H bonds (Form PD 3253), revised to cover both Series E bonds and savings notes submitted in ex change for Series H bonds, and copies of Treasury Department Circular No. 1036, First Revision, will be available to all paying agents later this month, upon request directed to our Savings Bond Department. The Treasury Department has also asked us to call your attention to the fact that in the May and June 1972 Redemption Value Tables for Savings Notes, recently sent to you by the Treasury Department, the extended values for May and June 1967 notes were inadvertently omitted. The Treasury indicated that corrected tables will be sent to all paying agents well in advance of May 1972. Alfred Hayes, President.
@FedFRASER