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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 ST A T E S

Dallas, Texas, August 3, 1953

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 Humphrey announced today that the subscription
books will open on Wednesday, August 5, for the exchange of the
2 percent Certificates of Indebtedness of Series C-1953 which will
mature August 15, 1953, in the amount of $2,881,576,000.
“ The holders of these certificates will be offered one-year 2%
percent Certificates of Indebtedness in exchange for their present
holdings.”
The official circular and subscription forms for the exchange offering
will be mailed to reach all banking institutions on Wednesday, August 5,
the date the books open. If the circulars and forms are not received in
sufficient time, however, subscriptions may be entered by mail or by tele­
phone, 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