The IBM 709 was a computer system, initially announced by IBM in January 1957 and first installed during August 1958. The 709 was an improved version of its predecessor, the IBM 704, and was the third of the IBM 700/7000 series of scientific computers. The improvements included overlapped input/output, indirect addressing, and three "convert" instructions which provided support for decimal arithmetic, leading zero suppression, and several other operations. The 709 had 32,768 words of 36-bit magnetic core memory and could execute 42,000 add or subtract instructions per second. It could multiply two 36-bit integers at a rate of 5000 per second.