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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.