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

Dallas, Texas, September 25, 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 October 15-November 1 financing:
“ Secretary of the Treasury Snyder announced today that the sub­
scription books will open on Monday, October 1, for the exchange
of the 1 1 4 percent Treasury Notes of Series F-1951, maturing Octo­
ber 15, 1951, in the amount of $5,940,578,000, and the 1 percent
%
Treasury Notes of Series G-1951, maturing November 1, 1951, in
the amount of $5,258,075,000.
“ The holders of these securities will be offered a l7 percent Certi­
/$
ficate of Indebtedness to be dated October 15, 1951, and to mature
October 1, 1952. In the case of the November 1 notes exchanged,
interest will be adjusted to October 15.”
The official offering circular and subscriptions forms for the exchange
will be mailed so as to reach all banking institutions on or before October
1, 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
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