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FEDERAL RESERVE BANK OF DALLAS FISCAL AGENT OF THE UNITED STATES Dallas, Texas, September 16, 1948 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 tomorrow morning by the Treasury Department regarding October financing: “The subscription books will open on Monday, September 20, for the exchange of two series of Certificates of Indebtedness and one series of Treasury Notes, all maturing October 1, 1948. These are the Cer tificates of Series J-1948, in the amount of $1,353,966,000, and Series K-1948, in the amount of $1,467,076,000, and Series B-1948 Notes in the amount of $4,092,050,000. “As previously announced, the holders of these maturing securities will be offered a one year 1% percent Treasury Certificate of In debtedness.” Official offering circulars and subscription forms for the exchange offer ing will be mailed so as to reach all banking institutions on or before the date the books are opened. If the circulars and forms are not received in sufficient time, however, subscriptions may be entered by mail or by tele gram, 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)
@FedFRASER