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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)