The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FE D E RA L R E SE R V E BANK O F NEW YORK Fiscal A g e n t o f the U n ited States Circular N o. 4 0 4 8 T N ovem ber 24, 1953 J [ 1% Percent Treasury Notes of Series B-1954, and 2 y2 Percent Treasury Bonds of 1958, Additional Issue Amounts of Subscriptions T o A l l B a n k in g In 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 tod ay: T h e T re a su ry D ep a rtm en t a n n ou n ced to d a y that re p o rts th u s fa r receiv ed fr o m F e d e ra l R eserve B anks show that su bscrip tion s fo r the cu rren t exch ange o ffe rin g o f 1 % p e rce n t T rea su ry notes a n d 2 y2 p e rce n t T reasu ry b on d s a m ou n t t o abou t $9,920,000,000, o r 99 p e rce n t o f the m a tu rin g issue ou tstan d in g. T he F e d e ra l R eserve S ystem h eld $6,990,000,000, a ll o f w h ich was exch an ged f o r the 1 % p e rce n t notes. S u b scrip tion s fr o m the p u b lic am ounted to $2,930,000,000, o r 96 p e rce n t o f th eir h old in gs. S ix ty p ercen t, or $1,750,000,000, o f the su b scrip tion s receiv ed fr o m the p u b lic w ere fo r the 2 1/£ p ercen t b on d s o f 1958, an d $1,180,000,000 w ere fo r the notes. These figures are n ea rly , b u t n o t qu ite, com p lete. D etails o f the exchanges b y F e d e ra l R eserve D istricts w ill be a n n ou n ced n ex t M on d a y . A llan S proul, President.
@FedFRASER