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FEDERAL RESERVE BANK OF DALLAS
FISCAL AGENT O P THE UNITED STATES

Dallas, Texas, January 15, 1949

PRELIMINARY ANNOUNCEMENT
EXCHANGE OFFERING

To All Banking Institutions, and Others Concerned,
in the Eleventh Federal Reserve District:
There is quoted below a press statement which will be issued Monday
morning by the Treasury Department in regard to the February financing:
“The Treasury will announce on Wednesday, January 19, an offer­
ing of one-year one and one-quarter percent Treasury Certificates
of Indebtedness in exchange for the Certificates of Indebtedness
of Series B-1949, maturing February 1, 1949, in the amount of
$2,188,813,000.”
Official offering circulars and subscription forms for the exchange offer­
ing will be mailed so as to reach all banking institutions on Wednesday,
January 19. If the circulars and forms are not received in sufficient time,
however, subscriptions may be entered by mail 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)


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102