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Federal R eserve N e w Y o r k , N.Y. AREA F i s c a l A Bank CODE g e n t o f 212 t h e N ew of York 10045 7 3 2 -5 7 0 0 U n i t e d S t a t e s , October 15 19^9 Series J Savings Bonds Not Exchangeable for Series H Savings Bonds After October 31* 19^9 To Paying Agents for Savings Bonds in the Second Federal Reserve District: The Treasury Department has asked us to advise you that after October 31* 19&9* Series J savings bonds will no longer be eligible for exchange for Series H savings bonds under the provisions of Treasury Department Circular No. IO36 and, therefore, you should not accept Series J bonds submitted with the exchange subscription form for Series H bonds (Form PD 3253) dated after October 31* 19^9* A revised exchange subscription form for Series H bonds will be available to all paying agents in December. Additional copies of this letter will be furnished upon request. ALFRED HAYES President