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FEDERAL RESERVE BANK OF DALLAS FISCA L. A G E N T O F T H E U N IT E D S T A T E S Dallas, Texas, October 12, 1960 PRELIM INARY A N N O U N C E M E N T E X C H A N G E O FFERIN G To All Banking Institutions and Others Concerned in the Eleventh Federal Reserve District: There is quoted below a press statement issued today by the Treasury Department in regard to a forthcoming exchange offering: “The holders of $7,037 million of 4% percent Treasury Certificates of Indebtedness Series C-1960, and $3,806 million of 2 Vs percent Treasury bonds maturing November 15, 1960, will be offered preemp tive rights to exchange their holdings at maturity for new securities to be offered near the end of this month. “An annoimcement of the terms of the new issue, or issues, will be made at that time.” Yours very truly. Watrous H. Irons 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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