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FEDERAL RESERVE BANK OF DALLAS F IS C A L A G E N T O F T H E U N ITE D S T A T E S Dallas, Texas, November 26,1951 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 December 15 financing: “ Acting Secretary of the Treasury Foley announced today that the subscription books will open on Monday, December 3, for an l l i / 2 month 1% percent Certificate of Indebtedness to be issued in ex change for the 2^4 percent Treasury Bonds of 1951-53, which were called for redemption December 15, 1951, in the amount of $1,118,051,100. “ The new 1% percent Certificate of Indebtedness will be dated De cember 15, 1951, and will mature December 1, 1952.” The official offering circular and subscription form for the exchange will be mailed so as to reach all banking institutions on or before Decem ber 3, the date the books are opened. If the circular and form 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)