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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 ITED S T A T E S Dallas, Texas, June 14, 1946 EXCHANGE OFFERING ON ALLOTMENT BASIS To All Banking Institutions, and Others Concerned, in the Eleventh Federal Reserve District: The Treasury Department has announced an offering of one-year % % Treasury Certificates of Indebtedness of Series F-1947, open on an exchange basis, par for par, to holders of Treasury Notes of Series D-1946, which will mature on July 1,1946. Since it is planned to retire about $2,000,000,000 of the maturing notes by redemption in cash, subscriptions will be received subject to allotment to all holders on an equal percentage basis, except that subscriptions in amounts up to $25,000 will be allotted in full. Cash sub scriptions will not be received. Official offering circulars and subscription forms will be mailed so as to reach all banking institutions on June 19. If the circulars and forms are not received in sufficient time, however, subscriptions may be entered by mail or by telegram, subject to confirmation on 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