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

Dallas, Texas, May 28, 1951

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 today by the Treasury
Department in regard to the June financing:
“ Secretary of the Treasury Snyder announced today that owners of
the 2 % percent Treasury Bonds of 1951-54 called for redemption
on June 15, and owners of the three issues of 1}4 percent Treasury
Notes maturing July 1, will be offered 9V2-month 1% percent
Treasury Certificates of Indebtedness to be dated June 15, 1951,
with an adjustment of interest on the maturing notes to that date.
“ The called bonds outstanding amount to $1,626,686,150 and the
maturing notes aggregate $8,445,058,000. The subscription books
will open on Monday, June 4.”
The official offering circular and subscription forms for the exchange
will be mailed so as to reach all banking institutions on or before June 4,
the date the books are opened. If the circular and forms are not received in
sufficient time, however, subscriptions may be entered by mail or by tele­
gram, 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)


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