Iron County Record | 1953-04-23 | Page 5 | Early Call is Made for Maturing F and G Series Bonds

Early Call Is Made For Maturing F and G Series Bonds Holders of series F and G Treasury bonds which will mature ma-ture oetween May 1 and December Decem-ber this year were reminded today to-day of the U. S. Treasury's special spe-cial offer to exchange their bonds straight across for a new 3!4 per cent fully marketable issue. Arthur Gardner, assistant cashier cash-ier of the Bank of Southern Utah of Cedar City, said the government govern-ment requires applications frr the exchange to be made by April 30. Arrangements can be made at Federal Reserve Banks and branches or at your local bank. Does Not Affect E's Maturing Series E bonds are not affected in any way, he emphasized, em-phasized, and they may continue contin-ue to be held at full interest after af-ter maturity for an additional 10 years. This extension of E bond benefits is automatic and E b'-nd holders do not need to make any request for its application. Exchanges of series F and G bonds will be made for par and allotted in full on application. Interest differences will be adjusted. ad-justed. Lowest denomination of the new bnds is $500, but holders hold-ers of smaller denomination Series Ser-ies F and G bonds may exchange them for the next higher multiple multi-ple of $500 by paying the cash difference. The Treasury has called particular parti-cular attention to the limited time available for making application appli-cation for exchange. This Is especially es-pecially important to corporations corpora-tions and other organizations which require directors' or finance fi-nance committee approval in advance. ad-vance. Eligible F and G bond holders who do not wish to make the exchange will have the opportunity oppor-tunity of reinvesting the proceeds pro-ceeds of their matured bonds In other series of savings bonds currently cur-rently on sale, or to receive cash payment. Look for D's Too While looking over F and G securities, bond holders should watch for A, B, C and D bonds that may have matured. Unlike the Series E bond, these types stop yielding interest immediately immediate-ly at maturity. The series D bonds w-ere last sold In May 1941 and all matured ma-tured nearly two years ago. Since then they have earned no interest. inter-est. At present more than 98 million mil-lion dollars of these bonds are outstanding and culd be redeemed re-deemed or exchanged for interest producing savings bonds.