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FED ERAL RE SE R V E BANK OF NEW YORK Fiscal A g en t o f the U nited States rCircular No. 4 0 3 M l L November 2, 19S3 J 2% PERCENT TREASURY BONDS OF 1961 Basis of Allotment T o A ll B a n k in g I n s titu tio n s , a n d O th ers C o n cern ed , in t h e S e c o n d F e d e r a l R e s e r v e D i s t r i c t : The following statement was made public today: T he T re a su ry to d a y an n ou n ced the basis o f allotm en t on su bscription s fo r the cu rren t cash offe rin g o f 2 % p ercen t T re a su ry B on d s o f 1961. S u b scrip tion s in am ounts u p to a n d in clu d in g $10,000, tota lin g about $221/(> m illion , were a llotted in fu ll. S u b scrip tion s fro m m utual savings banks, insurance com pan ies, pen sion an d retirem en t fu n d s an d S tate and local governm ents, a g g reg a tin g abou t $1.8 b illion, w ere a llotted 24 percen t, an d su bscrip tion s fr o m a ll others, in clu d in g $8*4 b illio n fr o m com m ercial banks, w ere a llotted 16 percen t, b u t n ot less than $10,000 on a n y one su bscrip tion . P re lim in a ry rep orts receiv ed fr o m the F e d e ra l R eserve B anks show that su b scrip tion s totaled ov er $12*4 b illio n , an d total allotm ents w ill be about $2.2 b illion. D etails b y F e d e ra l R eserve D istricts as to su bscrip tion s an d allotm ents w ill be a n n ou n ced when final rep orts are receiv ed fr o m the F ed era l R eserve Banks. A llan S proul, President.
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