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FEDER AL RESERVE BANK
OF NEW YORK
Fiscal Agent of the United States

Circular No. 8335
April 28, 1978

ACCRUED INTEREST CORRECTION IN TREASURY'S OFFERING OF 22 1/4-YEAR BONDS
______________________ (8 3/8% BONDS OF 1995-2000)______________________

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

Our Circular No. 8332, dated April 27, 1978, regarding the
Treasury Department’s May Quarterly Financing, and the tender form for the
offering of 22 1/4-year 8 3/8% Treasury Bonds of 1995-2000 incorrectly
stated the amount of accrued interest payable by investors who purchase
the bond.




The correct amount payable is $20.59047 per $1,000.

PAUL A. VOLCKER,
President.