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FED ERAL R E SE R V E BANK
O F NEW YORK
Fiscal Agent of the United States
r Circular No. 3 8 7 0 1
L
June 19, 1952
J

2 % PERCENT TREASURY BONDS OF 1958

Amount of Subscriptions and Basis of Allotment

To All Banking Institutions, and Others Concerned,
tn the Second Federal Reserve D istrict:

Secretary of the Treasury Snyder announced today that the cash
offering of 2% percent Treasury Bonds of 1958, on which the books
were opened for subscription on Monday, June 16, was oversubscribed
by more than three times. Subscriptions from nonbank investors alone
exceeded the amount of the offering, which was $31 billion, or there­
/£
abouts ; and were so large that the total allotment had to be expanded
in order to provide any minimum allotment to commercial banks.
Total subscriptions received aggregated approximately $11,695,000,000. Subscriptions from nonbank investors totaled $3,642,000,000.
In accordance with the announcement of the offering, these subscrip­
tions will be allotted in full, and commercial banks will be allotted up
to $100,000 each. The total of the new issue will approximate $4,249.000,000, divided as follows:
(I n millions)

Nonbank subscriptions—to be allotted in f u l l ........

$3,642

Commercial bank subscriptions for amounts up to
and including $100,000 for their own account— to
be allotted in f u l l ....................................................

193

Commercial bank subscriptions for amounts over
$100,000 for their own account—to be allotted
$100,000 on each subscription .............................

314

In addition to the above, there were allotted to
Government investment accoun ts.........................

100

Approximate total allotments .................................

$4,249

Details as to subscriptions and allotments will be announced when
final reports are received from the Federal Reserve Banks.




A

llan

S

proul,

President.

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