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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, September 29, 1953

PRELIMINARY ANNOUNCEMENT
TREASURY SAVINGS NOTES, SERIES C

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:
“ The Treasury Department announced today that the new Series
C Treasury Savings Notes which will be made available on October
1, 1953, will have an approximate interest rate of 1.56 percent per
annum if held for six months, 1.91 percent for one year, 2.10 per­
cent for eighteen months and 2.21 percent if held for the full two
years to maturity.”
The offering circular containing details of the new Treasury Savings
Notes, Series C, and related application forms, will be mailed to all banking
institutions as soon as they are available.
Yours very truly,
W. D. GENTRY
First Vice 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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