Full text of District Notices (Federal Reserve Bank of Dallas) : Preliminary Announce - Exchange Offering

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FEDERAL RESERVE BANK OF DALLAS
F I S C A L A G E N T O F T H E U N IT E D S T A T E S

Dallas, Texas, June 1 6 ,1 9 4 9

P R E L IM IN A R Y A N N O U N C E M E N T
E X C H A N G E O FFE R IN G

To A ll Banking Institutions, and Others Concerned,
in the Eleventh Federal Reserve D istrict:

There is quoted below a press statement issued today by the Treasury
Department in regard to the July financing:
“ The Treasury will announce on Monday, June 20, an offering
o f one-year one and one-quarter percent Treasury Certificates
of Indebtedness in exchange for the Certificates of Indebted­
ness o f Series F -1949, maturing July 1, 1949, in the amount
of $5,782,890,000.”
Official offering circulars and subscription forms for the exchange
offering will be mailed so as to reach all banking institutions on Monday,
June 20. I f the circulars and form s are not received in sufficient time, how­
ever, subscriptions may be forwarded by letter 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)