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)