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FEDERAL RESERVE BANK OF DALLAS
FISCAL AGENT OF THE UNITED STATES

Dallas, Texas, February 14,1950

P R E L IM IN A R Y A N N O U N C E M E N T
E X C H A N G E O FFER IN GS

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

There is quoted below a press statement issued today by the Treasury
Department in regard to March and April financing:
“ Secretary Snyder announced today that the 1% percent Certificates
of Indebtedness maturing on March 1, 1950, and the 1% percent
Certificates of Indebtedness maturing on April 1, 1950, will be re­
funded into 1% percent Treasury Notes maturing on July 1, 1951;
and that the 2 percent Bonds called for redemption March 15, 1950,
and the 1% percent Treasury Notes maturing on April 1, 1950, will
be refunded into a 1% percent Treasury Note maturing on March
15, 1955.”
Official offering circulars and subscription forms for the exchanges will
be mailed so as to reach all banking institutions on or before the dates 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, sub­
ject 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)


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