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F E D E R A L R E S E R V E BANK O F NEW YO R K F i s c a l Agent of the United States I C ircu la r N o. 6729 May 7, 197 1 To All Banking Institutions, and Others Concerned, in the Second Fed er al R e s e r v e Di st ric t: The following statement was made public today by the Treasury Department: RESULTS OF TREASURY REFUNDING The Treasury announced today that $4.1 billion of the $5.9 billion of the notes held by the general public maturing May 15, 1971, have been exchanged, leaving $1.8 billion, or 30.7%, unexchanged. Federal Reserve Banks and GovernĀ ment accounts exchanged the $2.5 billion held by them. Following is a summary of the exchanges (amounts in millions): E ligible for exchange To be i s s u e d 5% Notes Security Amount B y the gen 5-1/4% n o te s .............................. 8% notes....................................... T o ta l...................................... $2,381 3,547 $5,928 B y Federal R e s e r v e Banks 5-1/4% n o te s .............................. 8% notes....................................... T o ta l....................................... Grand t o t a l ................................. $1,884 629 $2,513 $8,441 5-3/4% N o te s 8 /1 5 /7 2 1 1 /1 5 /7 4 Total public $ 770 1,172 $1,942 $ 977 1,192 $2,169 $1,747 2,364 $4,111 $ 874 173 $1,047 $3,216 $1,875 629 $2,504 $6,615 d Government A c c o u n t s $1,001 456 $1,457 $3,399 Alfred Hayes, President.