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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 ST A T E S Dallas, Texas, July 13,1946 EXCHANGE OFFERING ON ALLOTM ENT BASIS To A ll Banking Institutions, and Others Concerned, in the Eleventh Federal Reserve District: There is quoted below a press statement issued by the Treasury Depart ment regarding the August financing: “ The Treasury will announce on Wednesday, July 17, an offering of one-year % percent Certificates of Indebtedness in exchange for the Certificates of Indebtedness of Series F-1946, maturing August 1, 1946, in the amount of $2,469,619,000. It is planned to retire about $1,250,000,000 of the maturing certificates on cash redemption; therefore, 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.” Official offering circulars and subscription forms will be mailed so as to reach all banking institutions on July 17. If the circulars and forms are not received in sufficient time, however, subscriptions may be entered by mail or by telegram, 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