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FEDERAL RESERVE BANK OF DALLAS F IS C A L A G E N T O F TH E U N ITE D ST A T E S IMPORTANT NOTICE Dallas, Texas, December 4,1941 N E W TREASURY OFFERINGS $1,000,000,000 ADDITIONAL ISSUE 2 1 PERCENT TREASURY BONDS OF 1967-72 /2 Dated and bearing interest from October 20, 1941 Due September 15, 1972 OFFERED AT PAR AND ACCRUED INTEREST FOR CASH and $500,000,000 2 PERCENT TREASURY BONDS OF 1951-55 Dated and bearing interest from December 15, 1941 Due December 15, 1955 OFFERED AT PAR AND ACCRUED INTEREST FOR CASH SUBSCRIPTION BOOKS OPEN DECEMBER 4,1941, AND M A Y REMAIN OPEN ONLY ONE D A Y To All Banking Institutions, and Others Concerned, in the Eleventh Federal Reserve District: The above information is furnished in advance of the customary announcement, and full text of the announcement, together with subscription forms, will be mailed later during the day. The Secretary of the Treasury reserves the right to close the subscription books at any time, without notice. ACCORDINGLY, IF YOU DESIRE TO SUBSCRIBE DO NOT AWAIT ARRIVAL OF THE PRINTED ANNOUNCEMENT AND SUBSCRIPTION FORMS, BUT INDICATE YOUR WISHES IN A LETTER AND FORWARD IMMEDIATELY BY ORDINARY MAIL, CONFIRM ING LATER ON THE FORM ENCLOSED WITH OUR CIRCULARS. However, subscriptions may be filed by telegraph “ collect.” Telegraphic subscriptions should be confirmed immediately by mail. ATTENTION IS CALLED TO THE PRESS STATEMENT RELEASED DECEMBER 3, 1941, BY SECRETARY OF THE TREASURY MORGENTHAU, OUTLINING THE BASES ON WHICH SUBSCRIPTIONS TO CURRENT CASH OFFERINGS MAY BE ENTERED, AND TO THE REVISED CERTIFICATE INCORPORATED IN SUBSCRIPTION FORMS. Cash subscriptions from banks and trust companies for their own account wifi be received without deposit but will be restricted in each case to an amount not exceeding one-half of the com bined capital and surplus of the subscribing bank or trust company. Cash subscriptions from all others must be accompanied by payment of 10 percent of the amount of bonds applied for, or in the case of individuals so electing, 100 per cent of the amount applied for. Cash subscriptions for each issue for amounts up to and including $5,000 will be given preferred allotment if the subscribers specify that delivery be made in registered bonds 90 days after the issue date. In each such case a subscriber may not enter any other cash subscription. A subscriber may enter cash subscription either for preferred allotment, or for other allotment,, but not for both. Payment for^these securities may be made in cash, or in the cases of designated depositary banks, by credit. Pursuant to the provisions of the Public Debt Act of 1941, interest upon the new securities shall not have any exemption, as such, under Federal tax Acts now or hereafter enacted. Otherwise, the securities will be accorded the same exemptions from taxation as are accorded other issues of Treasury securities outstanding. Yours very truly, R. R. GILBERT President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)