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F E D E R A L R E S E R V E BANK O F N EW Y O R K Fiscal Agent of the United States [ Circular No. 5 2 2 5 '1 September 14, 1962 J Treasury’s Advance Refunding Results To All Banking Institutions, and Others Concerned, in the Second Federal Reserve District: The following statement was made public today by the Treasury Department: The Treasury Department today announced that preliminary reports from the Federal Reserve Banks show that total subscriptions of about $7,830 million have been received for the 3% percent notes and 4 percent bonds included in the Department’s latest advance refunding operation. These subscriptions included $7,489 million from public holders and $341 million from Government Investment Accounts. Subscription books for the offering were open from September 10 through September 12. A ll subscriptions will be allotted in full. Delivery of and payment for the new notes and bonds will be made on Septem ber 20, 1962. Subscriptions are as follows (in millions) : New issue From public holders From Government Investment Accounts Total 3% % Notes of Series A-1967.. 4% Bonds of 1972..................... $5,240 2,249 $ 21 320 $5,261 2,569 T o t a l .......................................... $7,489 $341 $7,830 Details by Federal Reserve Bank Districts as to subscriptions will be announced when final reports are received. A lfred H ayes, President.