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FEDERAL RESERVE BANK OF DALLAS
F I S 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, August 27, 1951

PRELIM INARY ANNOUNCEMENT
EXCHANGE OFFERINGS

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 September financing:
“ Secretary of the Treasury Snyder announced today that holders
of the 3 percent Treasury Bonds of 1951-55, in the amount of
$755,429,000, called for redemption on September 15, 1951, and
holders of the 1^4 percent Treasury Notes of Series A-1951, in
the amount of $1,918,367,000, maturing October 1, 1951, will each
be offered an eleven-month 1% percent Certificate of Indebted­
ness to be dated September 15 and October 1, respectively.”
The official circulars and subscription forms for the exchange offer­
ings will be mailed to reach all banking institutions on or before the dates
the books are opened. If the circulars and forms are not received in suffi­
cient time, however, subscriptions may be entered by mail or by telephone,
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