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FEDERAL RESERVE BANK OF DALLAS FISCAL AGENT OF THE UNITED STATES Dallas, Texas, A p ril 13, 1953 IM PO R TAN T ANNO UNCEM ENT P E R T A IN IN G TO CURRENT CASH O FFERING To A ll Banking Institutions, and Others Concerned, in the Eleventh Federal Reserve D istrict: There is quoted below an announcement released today by the Treasury Department: “ The Secretary of the Treasury has requested that in order to minimize speculative subscriptions to the new 3*4 percent bond, commercial banks and other lenders refrain from mak ing unsecured loans, or loans collateralized in whole or in part by the securities subscribed for, to cover the initial deposits which are required to be paid when subscriptions are entered.” Yours very truly, R. R. G ILBERT President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)