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FEDERAL RE SE R V E BANK
O F NEW YORK
Fiscal A g en t o f the U nited States

Circular No. 3 9 9 7
July 8, 1953

2*4 PE R C E N T T R E A S U R Y C E R T IFIC A TE S OF IN DEBTEDNESS O F SERIES C-1954

Basis o f Allotment

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

T he follow in g statement was made public tod a y:
The Treasury today announced a 67 percent allotment on subscriptions
fo r more than $100,000 each fo r the cash offering: o f 2 y> percent Tax
A nticipation Certificates o f Indebtedness o f Series C-1954. None o f these
subscriptions will be allotted less than $ 100,000 and smaller subscriptions
w ill be allotted in full, as previously announced.
Reports received from the Federal Reserve Banks show that subscrip­
tions total over 8 2 billion dollars.
V
Details by Federal Reserve Districts as to subscriptions and allotments
will be announced when final reports are received from the Federal Reserve
Banks.




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