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FEDERAL RESERVE BANK OF DALLAS
FISCAL AGENT O F THE UNITED STATES

Dallas, Texas, January 30, 1961

PRELIM INARY A N N O U N C E M E N T
TREASURY F IN A N C IN G

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 current financing:
“The holders of $6,938 million of 4% percent Certificates of Indebtedness of Series
A-1961, dated February 15, 1960, maturing February 15, 1961, will not be offered
preemptive rights to exchange their holdings for new securities to be offered early
next month. The maturing certificates will be paid off in cash. Approximately $3,250
million of the certificates are publicly held.
“The necessary funds to pay off the maturing certificates will be provided by an­
other issue, or issues, of direct Treasury obligations offered for cash subscriptions.
Subscribers to such new issue or issues who hold the maturing certificates may, if
they wish, deposit them at face value in lieu of any cash down payments required with
subscriptions. To the extent subscribers are allotted the new securities, the Treasury
will accept the maturing securities in lieu of cash in making final payments.
“The announcement of the terms of the new issue, or issues, will be made later
this week.”
Official circulars and subscription forms will be mailed after the Treasury Department
announces the terms of the new offering.
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)


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