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

FISCAL AGENT OF THE UNITED STATES

Dallas, Texas, April 25, 1960

PRELIMINARY ANNOUNCEMENT
EXCHANGE OFFERING

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 in regard to a forthcoming exchange offering:
“Holders of 4 percent Treasury Certificates of Indebtedness of
Series B-1960, 3Vfe percent Treasury Notes of Series A-1960, and 3 Vi
percent Treasury Notes of Series B-1960, maturing May 15, 1960,
aggregating about $6.4 billion, will be given the privilege of exchanging
these securities for a new issue, or issues, of securities to be dated May
15, 1960.
“The terms of the new issue, or issues, will be announced toward
the end of this week. Cash subscriptions will not be accepted for the new
securities.”
Official circulars and subscription forms for the new offering will be mailed
as soon as possible.
Yours very truly,
Watrous H. Irons

President

This publication was digitized and made available bj the Federal Keserve Bank of Fallas' Historical Library (FedHistory@dalfrb.ofg).
publication
by
Reserve Bank Dallas' Historical Library (FedHistory@dal.frb.org)

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