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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, October 4, 1956 PRELIMINARY ANNOUNCEMENT SPECIAL OFFERING OF TREASURY BILLS To all Banking Institutions and Others Concerned in the Eleventh Federal Reserve District: Quoted below is a press statement issued today by the Treasury Depart ment in regard to a special offering of Treasury Bills: “ The Treasury Department announced today that it will invite cash tenders for $1,600,000,000, or thereabouts, of 91-Day Treasury Bills to raise the cash needed for its current requirements. The full terms of the offering will be contained in a statement to be released Monday morning, October 8. Tenders will be opened at 2 p.m., Eastern Daylight Saving Time, on Wednesday, October 10. The new bills will be dated and must be paid for on October 17, 1956, and may be paid for by credit in Treasury Tax and Loan Accounts. They will mature on January 16, 1957.” The official circular and tender forms for the offering will be mailed to all banking institutions Friday, October 5. However, if the circular and forms are not received in sufficient time, tenders should be entered by mail or telegraph, subject to confirmation with an official tender form. Yours very truly, Watrous H. Irons President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)