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FEDERAL, RESERVE BANK OF DALLAS
F IS C A L

AGENT

O F TH E

U N IT E D

STATES

Dallas, Texas, October 23, 1941

IMPORTANT NOTICE

To Banks, Trust Companies, and
Others Concerned:

For your information, there is quoted below an excerpt from the press
statement of the Secretary of the Treasury regarding the recent offering
of 1 percent United States Treasury notes:
“ It is contemplated that all of the Government-guaranteed
issues now outstanding in the hands of the public will eventually
be converted into Treasury issues, so that the market will ulti­
mately be dealing with but one class of Government obligation.”
This change in policy will no doubt reduce the number of financing
operations in the market on behalf of the Government and simplify the
Treasury’s financing program.

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)


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