View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL RESERVE BANK OF DALLAS
F IS C A L A C E N T O F TH E U N ITE D ST A T E S

Dallas, Texas, May 14, 1949

P R E L IM IN A R Y A N N O U N C E M E N T
E X C H A N G E O FFER IN G

To A ll 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 June financing:
“The Treasury will announce on Thursday, May 19, an offering of
one-year one and one-quarter percent Treasury Certificates of
Indebtedness in exchange for the Certificates of Indebtedness of
Series E-1949, maturing June 1, 1949, in the amount of $4,301,117,000, and the Treasury Bonds of 1949-51 called for redemption
on June 15, 1949, in the amount of $1,014,018,900.
“Exchanges will be made par for par in the case of the maturing
certificates and at par with an adjustment of interest as of June
15, 1949, in the case of the called bonds.”
Official offering circulars and subscription forms for the exchange
offering will be mailed so as to reach all banking institutions on Thurs­
day, May 19. If the circulars and forms are not received in sufficient time,
however, subscriptions may be forwarded by letter 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)


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102