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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, July 30, 1952

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:
“ Secretary of the Treasury Snyder today announced the offering
of a one-year 2 percent Certificate of Indebtedness, dated August 15,
1952, in exchange for the two outstanding issues of Certificates of
Indebtedness which mature on August 15 and September 1, respec­
tively, as follows: Series C-1952, maturing August 15, 1952 in the
amount of $583,202,000, and Series D-1952, maturing September 1,
1952 in the amount of $1,832,446,000. An interest adjustment will
be made with respect to the certificates maturing September 1,
which are exchanged for the new certificates. Subscription books
will open Monday, August 4.”
The official circular and subscription forms for the exchange offering
will be mailed to reach all banking institutions on or before Monday,
August 4, the date the books open. If the circular and forms are not
received in sufficient 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)


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