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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 ST A T E S Dallas, Texas, January 29, 1953 TERMS OF THE FEBRUARY EXCHANGE OFFERING To All Banking Institutions, and Others Concerned, in the Eleventh Federal Reserve District: There is quoted below a press statement released by the Treasury Department for publication January 30: “ Secretary Humphrey announced today the terms of the new issues on which the subscription books will open Monday, February 2, for the exchange of $8,868,000,000 certificates of indebtedness, ma turing on February 15, 1953. “ Holders of the maturing certificates will have the option of exchanging them for 2 ^ percent one-year certificates or 2V& percent five-year ten-month bonds. “ Full details will be given in the press statement and official cir culars which will be made public Monday morning, February 2.” As stated in this bank’s circular letter of January 27, the official circu lars and subscription forms for the exchange offering will be mailed to reach all banking institutions on or before Monday, February 2, the date the books open. 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)
