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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 ITED ST A T E S

Dallas, Texas, August 23, 1949

PRELIMINARY ANNOUNCEMENT
EXCHANGE OFFERING

To AH Banking Institutions, and Others Concerned,
in the Eleventh Federal Reserve District:
There is quoted below a press statement issued August 22, 1949, by
the Treasury Department in regard to the September, October and Decem­
ber financing:
“Secretary Snyder announced today that the Treasury will offer
on Wednesday, August 31, a lVs percent one-year Certificate to
refund the 2 percent Bonds called for redemption on September
15, 1949. He also said that a new Certificate of Indebtedness
would be offered to refund the Certificates maturing on October
1, 1949; and that a Treasury Note would be offered in connection
with the refunding of the Treasury Bonds called for redemption
on December 15, 1949.”
Official offering circulars and subscription forms for the exchange
offering to refund the 2 percent bonds called for redemption on September
15, 1949, will be mailed so as to reach all banking institutions by Wednes­
day, August 31. 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)


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