View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FED ER AL RESERVE BANK
O F NEW YORK
F i s c a l Agent of the United States

C ircular No. 6948
May 31, 1972

To A ll Banking Institutions, and Others Concerned,
in the Second Federal Reserve District:

T he following statem ent was m ade public today by the T reasury D epartm ent:
T R E A SU R Y W ILL N O T R E F U N D BO N D S M A T U R IN G JU N E 15, 1972

T he Treasury announced today that it will not refund the $1,226 m illion ot 2-1/2% bonds
m aturing on June 15, 1972.
T he Treasury said that it could pay o ff the bonds because its cash position is expected to
remain strong for the rest o f the fiscal year.
T he public holds about $ 1,074 m illion o f the m aturing bonds; G overnm ent accounts and
Federal Reserve B anks hold the rem aining $152 m illion.




A L FR ED HAYES,
President.

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