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March 3, IS43 Mr. Allan oproul, President, federal Reserve Bank of Hew York, York, New York. Dear Mr. Sproul: Tho enclosed tables show by itederal B u n t ! districts the number of subscriptions and the amount of sales of Treasury bonds and certificates to individuals and to all nonbanking invasfcore during tfce December drive. This information id being sent to you in the thought that it aight be of interest in plattBlag for the April drive. The figures BQI^Q to eapliu&ize the fact tiiat while the December arive was successful from the standpoint of total xuncls raised the distribution «%• not satisfactory. Sales to individualB were oeudl In both number tad! amount and there was considerable dicparity as between districts. Total Bales of the 8 1/2 per cent bonds to individuals numbered only 54,581 and amounted to only 314 million dollars. Sincerely yours, M. S. Hccles, Chs.irir.aii. Enclosure DMK nb Same letter sent to all Presidents of Federal Reserve Banks, MS 200-6 March 5, 191+3 NUMBER OF SUBSCRIPTIONS TO TREASURY BONDS AND CERTIFICATES OF INDEBTEDNESS DURING DECEMBER 191+2 F. R. District 2 l/2 per cent bonds x 3/1+ per cent bonds Certificates of indebtedness Number of subscriptions b;j individuals Boston New York Philadelphia 1+,917 15,519 l+,736 1+86 2,120 1+25 126 572 75 Cleveland Richmond Atlanta 9,81+9 3,673 1,721 1,987 61+9 285 250 153 71+ Chicago St. Louis Minneapolis l+,200 3,860 993 1,021 1,170 228 306 266 39 Kansas City Dallas San Francisco 1,995 775 2,31+3 1+63 1+13 39U 106 81 138 5l+,581 9.61+1 2,186 Total Number of subscriptions by a l l nonbank investors Boston New York Philadelphia 6,995 21,171+ 6,772 1,282 *791 609 2,21+2 268 Cleveland Richmond Atlanta 11,525 2,71+6 1,075 1+95 71+3 1+61 262 1,096 596 139 2,'l63 Chicago St. Louis Minneapolis 5,1+29 l!267 1,813 1,563 383 Kansas City Dallas San Francisco 2,1+1+1 1,055 2,851+ 711+ 580 719 273 210 70,726 16,601 7,252 Total o 353 R&S 200-6 — 2 — March 5, 19U3 SALES OF TREASURY BONDS ArTD CERTIFICATES OF INDEBTEDNESS DURING DECEMBER (Amounts in millions of dollars) F. R. District Total 2 1 / 2 per cent bonds P er cent bonds Certificates of indebtedness Sales to individuals 20 160 18 16 90 15 3 25 2 2 Cleveland Richmond Atlanta U6 26 16 1U 7 11 7 h 12 1 2 Chicago St. Louis Minneapolis 26 16 5 6 k 15 10 2 k Kansas City Dallas San Francisco 11 10 6 5 15 10 3 3 3 3 3 2 62 79 8U 78 1,060 Boston New York Philadelphia c Total 1 2 1 355 Sales to all nonbank investors Boston New York Philadelphia 3,366 198 253 1,665 132 61+2 18 Cleveland Richmond Atlanta 233 155 110 65 h5 22 32 Chicago St. Louis Minneapolis U38 155 23 31 56 Kansas City Dallas San Francisco 78 5h 13U 50 26 8 15 9 1/ 5,266 2,589 998 Total 88 60 U8 Ik UQ 78 51 35 227 23 9 Ik 18 38 1,679 \J Including sales to Dealers of 886 million dollars, 117 million of 2 l/2 per cent bonds, 318 million of 1 3/U P er cent bonds, and I4.5O million of certificates. About 93 Ver cent of the sales to Dealers were concentrated in the New York District.
@FedFRASER