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FEDERAL RESERVE BANK OF DALLAS
F IS C A L A G E N T O F T H E U N IT E D S T A T E S

Dallas, Texas, January 16, 1950

PRELIMINARY ANNOUNCEMENT
EXCHANGE OFFERING

To All Banking Institutions, and Others Concerned,
in the Eleventh Federal Reserve District:

There is quoted below a press statement issued January 13, 1950, by
the Treasury Department in regard to the February financing:
“ Secretary of the Treasury Snyder announced today that the 1^4
percent, one-year Treasury Certificates of Indebtedness maturing
February 1, will be refunded into a 1% percent, twenty-month
Treasury Note maturing on October 1, 1951.”
Official offering circulars and subscription forms for the exchange will
be mailed so as to reach all banking institutions on or before the date the
books are opened. If the circulars and forms are not received in sufficient
time, however, subscriptions may be entered by mail or by telegram,
subject to confirmation with an official application blank.
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)


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102