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FEDERAL. RESERVE BANK OF DALLAS F IS C A L A G E N T O F T H E U N IT E D S T A T E S IMPORTANT NOTICE Dallas, Texas, October 7, 1942 NEW TREASURY OFFERINGS 2 PERCENT TREASURY BONDS OF 1950-52 Dated and bearing interest from October 19, 1942 Due March 15, 1952 and ADDITIONAL ISSUE li/2 PERCENT TREASURY NOTES SERIES B-1946 Dated and bearing interest from June 5, 1942 Due December 15, 1946 OFFERED AT PAR AND ACCRUED INTEREST FOR CASH The aggregate amount of both issues will be $4,000,000,000, or thereabouts, and the proportionate amount of bonds and notes to be issued will be determined by the relation between the total subscriptions received for each and the total subscriptions received for both. SUBSCRIPTION BOOKS OPEN OCTOBER 8, 1942, AND WILL REMAIN OPEN TWO DAYS To All Banking Institutions, and Others Concerned, in the Eleventh Federal Reserve District: The above information is furnished in advance of the customary announcement, and full text of the announcement, together with subscription forms, will be mailed later during the day. The subscription books will open October 8, 1942, and the Secretary of the Treasury has announced th a t in order to insure widespread participation of banks, corporations, and others who may be interested, and for the convenience of investors, the subscription books will remain open two days, th at is, through Friday, October 9. Accordingly, if you desire to subscribe do not await arrival of the printed announcement and subscription forms, but indicate your wishes in a letter and forward immediately by ordinary mail, confirming later on the form enclosed with our circular. However, subscriptions may be filed by telegraph collect. Telegraphic subscriptions should be con firmed immediately by mail. SUBJECT TO THE USUAL RESERVATIONS, AND WITHIN THE AMOUNTS OF THE RESPECTIVE OFFERINGS, SUBSCRIPTIONS FOR EACH ISSUE FOR AMOUNTS NOT EXCEEDING $25,000 FROM BANKS WHICH ACCEPT DEMAND DEPOSITS, AND SUB SCRIPTIONS IN ANY AMOUNT FROM ALL OTHER SUBSCRIBERS, WILL BE ALLOTTED IN FULL; SUBSCRIPTIONS FOR AMOUNTS OVER $25,000 FROM BANKS WHICH ACCEPT DEMAND DEPOSITS WILL BE ALLOTTED ON AN EQUAL PERCENTAGE BASIS, TO BE PUBLICLY ANNOUNCED. Subscriptions from banks and trust companies for their own account will be received without deposit. Subscriptions from all others must be accompanied by payment of 5 percent of the amount of notes or bonds applied for. Payment for these securities may be made in cash, or in the cases of designated depositary banks, by credit. Payment for any bonds allotted must be made or completed on or before October 19, 1942, or on later allotment. Payment for any notes allotted must be made or completed on or before October 15, 1942, or on later allotment, and must include accrued interest from June 5, 1942. 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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