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FEDERAL RESERVE BANK OF DALLAS FISCAL. A G E N T O F TH E U N IT E D S T A T E S Dallas, Texas, September 15, 1949 PRELIMINARY ANNOUNCEMENT EXCHANGE OFFERING To All Banking Institutions, and Others Concerned, in the Eleventh Federal Reserve District: There is quoted below a press statement which will be issued Friday, September 16, 1949, by the Treasury Department in regard to the October financing: “ The Treasury will announce on Wednesday, September 21, an offering of one-year one and one-eighth percent Treasury Cer tificates of Indebtedness in exchange for the Certificates of In debtedness of Series G-1949, maturing October 1, 1949, in the amount of $6,535,161,000.” Official offering circulars and subscription forms for the exchange offering will be mailed so as to reach all banking institutions on Wednes day, September 21. 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)