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 Agent of the United States r Circular N o. 4 2 4 9 1 L July 14. 1955 C U R R E N T C A S H O F F E R IN G 3 P ercen t T reasu ry B on d s o f 1995, A d d ition a l Issue Basis o f A llotm en t T o A ll Banking Institutions, and Others Concerned, in the Second Federal R eserve D istrict: The follow in g statement was made public tod a y: The Treasury today announced a 65 percent allotment to savings-type investors and a 30 percent allotment to all other subscribers for the current cash offering of the additional amount of 3 percent Treasury Bonds of 1995. Subscriptions for $25,000 or less will be allotted in full. Subscriptions for more than $25,000 will be allotted not less than $25,000. In addition to the amount allotted to the public, $25 million of these bonds will be allotted to Government Investment Accounts. Reports received thus far from the Federal Reserve Banks show that subscriptions total about $1,720 million, of which $747 million were received from subscribers in the savings-type investor groups. The offering was designed primarily to meet the recurring investment needs of savings-type investors and the preferential allotment will result in nearly two-thirds of the issue being allotted to this type of investor. A llax S proul, P r esid en t. J
@FedFRASER