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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.
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