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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent o f the United States AT-Wl'dV D e cem b er 12, 1994 DEFINITIVE SECURITY ISSUE FEES T o A ll D e p o s ito r y I n stitu tio n s, a n d O th e r s C o n c e r n e d , in th e S e c o n d F e d e r a l R e s e r v e D is tr ic t: B e g in n in g January 1, 199 5 , the Treasury D epartm ent’s B ureau o f the P ublic D eb t w ill charge in vestors S 5 0 .0 0 for each definitive Treasury security issu ed or reissu ed at the in v e sto r ’s request. D u e to the ex p e n se o f issu in g or reissu in g th ese certifica tes, the Treasury has d ecid ed in vestors sh ou ld bear the c o st o f th ese tran saction s. U n le ss other instructions are receiv ed , th ese fees w ill be charged to the accou n t used by th is B ank for other R eserve B ank serv ice fees. T he d e fin itiv e secu rity fee w ill not be charged i f you r in vestor ele c ts to con vert the secu rities to b ook-entry form in the T R E A S U R Y D IR E C T sy stem or through a com m ercial account. A lth o u g h there is no fee for co n v ertin g d e fin itiv e secu rities to b ook -en try, T R E A S U R Y D IR E C T a ccou n ts ov er $ 1 0 0 ,0 0 0 in par v alu e w ill be su b ject to an annual m aintenance fee o f $ 2 5 .0 0 b eg in n in g in M ay 1995. If y o u have investors interested in co n v ertin g to the T R E A S U R Y D IR E C T sy ste m , p lea se con tact the G overn m en t B ond D epartm ent o f this B ank, or call the Bureau o f the P u b lic D ebt at 1 -8 0 0 -3 6 6 -3 1 4 4 . W HITN EY R. IRW IN, Vice President.
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