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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 ST A T E S

Dallas, Texas, June 10, 1952.

PRELIMINARY ANNOUNCEMENT
CASH AND EXCHANGE OFFERINGS

To All Banking Institutions, and Others Concerned,
in the Eleventh Federal Reserve D istrict:

There is quoted below a press statement issued today by the Treasury
Department in regard to the July financing:
“ Secretary Snyder announced today that the Treasury will
offer for cash on Monday, June 16, 1952, an intermediate bond to
be dated July 1, 1952, in the amount of $3,500,000,000, or there­
abouts. Proceeds from the sales of this bond may be deposited in
Treasury Tax and Loan Accounts.
“ The Secretary also announced that holders of the 1% percent
Certificates of Indebtedness of Series B-1952, maturing July 1,1952,
in the amount of $5,215,849,000, will be offered at the same time a
1% percent Certificate of Indebtedness to be dated July 1, 1952,
and to mature June 1, 1953. This maturity date has been selected in
order to keep June 15, 1953, open for Tax Anticipation Bills.”
The official circulars and subscription forms for the offerings will be
mailed to reach all banking institutions on or before the date the books are
opened. If the circulars and forms are not received in sufficient time, how­
ever, subscriptions may be entered by mail or by telephone, subject to con­
firmation 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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