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ments to make the exchange should be made at Federal Reserve Banks and Branches. Local banks will be glad to advise holders on making the exchange, Mr. Brown added.
Exchange of Series F and G Bonds will be made par for par and will be allotted . in full. Since holders of Series F and G Bonds will receive interest on the new bonds at the rate of 3% percent from May 1, 1953, interest adjustments will be made as follows: In the case of Series F Bonds the subscribing will be charged an amount equivalent to interest from May 1 to date of maturity of the F Bond at the rate of 2/53 percent per annum. In the case of Series G Bonds, the owner will receive, an interest payment date to May 1, 1953.
The lowest denomination of the new bonds will be $500, Mr. Brown pointed out. Holders of smaller denomination Series F and G Bonds may change them for the next higher multiple of $500 upon payment of- any cash difference.
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