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FED ER A L RESERVE BANK
OF NEW YORK
Fiscal A g e n t of the U n ited States

Circu la r N o. 733 3

February 1, 1974

C H A N G E IN R E Q U I R E M E N T F O R A C C R U E D I N T E R E S T P A Y M E N T S
ON NEW O F F E R IN G OF 7 1/2% T R E A S U R Y B O N D S OF 1988-93

T o A l l Banking Institutions, and Others Concerned,
in the Seco nd Fed er al R e s e r v e Di st rict:

T h e T r e a s u r y D e p a r t m e n t has i n f o r m e d us that S e c t i o n IV
of T r e a s u r y D e p a r t m e n t C i r c u l a r No.

3-74, P u b l i c D e b t Series,

the t e x t of w h i c h w a s c o n t a i n e d in our C i r c u l a r No. 7 3 3 2 ,
d a t e d J a n u a r y 31, 1974, has b e e n a m e n d e d by i n s e r t i n g the
following additional

sentence,

a f t e r the first s e n t e n c e of

that S e c t i o n :
When payment is made in Trea s u r y notes or bonds m aturing on
F e bruary 15, 197^, the accrued interest payment for the period
from F ebruary 15 to F e bruary 28 on the bonds to be issued will
not be collected.




Alfred Hayes,
President.