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FED ERAL RE SE R V E BANK O F NEW YORK Fiscal Agent of the United States r Circular N o. 4 1 8 7 1 L January 14, 1955 J Basis of Allotment of FNMA Notes To All Banking Institutions, and Others Concerned, in the Second Federal Reserve D istrict: The following statement was made public tod ay: The Treasury today announced a 14 percent allotment on subscriptions for more than $50,000 for the current cash offering of 2y2 percent Federal National Mortgage Association notes. None of these subscriptions will be allotted less than $50,000, and subscriptions for $50,000 and less will be allotted in full. Details by Federal Reserve Districts as to subscriptions and allotments will be announced when final reports are received from the Federal Reserve Banks. A llan S proul, President.
@FedFRASER