The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF DALLAS FISCAL. A G E N T O F T H E U N IT E D S T A T E S Dallas, Texas, May 4, 1950 PRELIMINARY ANNOUNCEMENT EXCHANGE OFFERINGS To All Banking Institutions, and Others Concerned, in the Eleventh Federal Reserve District: The Secretary of the Treasury is releasing this afternoon the following announcement regarding the refinancing of the June 1 and July 1 Certificates: “ Secretary of the Treasury Snyder announced today that owners of the one and one-quarter percent Treas ury Certificates of Indebtedness maturing June 1 and July 1 would be offered new thirteen-month one and one-quarter percent Treasury Notes, dated on these re spective dates, in exchange for each of these issues. The June 1 certificate maturity amounts to $5,019,000,000. The July 1 maturity is $5,601,000,000. Formal an nouncement of these offerings will be made at later dates.” 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, sub scriptions 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)