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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States r Circular N o. 5 2 9 9 "1 L February 8, 1963 J Preliminary Results of Treasury’s Current Exchange Offering To All Banking Institutions, and Others Concerned, in the Second Federal Reserve D istrict: The following statement was made public today by the Treasury Department: Treasury officials indicated today that they are highly gratified with the results o f the exchange offering on which the books closed February 6. Prelim inary figures show that about $9,234 million, or 97.6 percent, of Treasury certificates and notes m aturing February 15, 1963, aggregating $9,465 million, were exchanged fo r the two new issues included in the current exchange offering. A bou t $231 million, or 2.4 percent, of the three maturing issues remain fo r cash redemption. O f the $5,479 million of m aturing securities held outside the Federal Reserve Banks and Government accounts, $181 million, or 3.3 percent, were not exchanged. Details of the exchange are as follows (in m illions) : Eligible fo r exchange Exchanged for Amounts 3 % % Ctfs. due 2/15/64 3 % % Bonds due 8/15/68 Total 3V2% Certificates ............... 2 % % Notes .......................... 3^4% Notes .......................... $5,719 1,487 2,259 $4,696 651 1,416 $ 971 744 756 $5,667 1,395 2,172 $ 52 92 87 T o t a l ................................ $9,465 $6,763 $2,471 $9,234 $231 Federal Reserve Banks and Govt. A c c o u n t s ......... A ll others ............................... $3,986 $3,921 2,842 $ 15 2,456 $3,936 5,298 $ 50 181 T o t a l ................................ $9,465 $6,763 $2,471 $9,234 $231 Securities TJnexchangt amount Subscribers Final figures regarding the exchange will be announced after final reports are received from the Federal Reserve Banks. A lfred H ayes, President.
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