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FED ER A L RESERVE BANK O F N EW YORK F i s c a l Agen t of the United States j Circular N o. 6772 |__ August 2, 1971 I To All Banking Institutions, and Others Concerned, in the Second Federal R eserv e D istrict: The following is from the text of a statement issued July 30 by the Treasury Department: RESULTS OF CURRENT TREASURY OFFERING The Treasury announced today that $2.7 billion of the $4.1 billion of the securities held by the general public maturing August 15, 1971, have been ex changed, leaving $1.4 billion, or 33.6%, unexchanged. Federal Reserve Banks and Government accounts exchanged $0.9 billion held by them. In addition, $192 million of the bonds were allotted for cash to individuals. The total amount of securities to be issued to the public is $2.5 billion of notes and $443 million of bonds. Following is a summary of the exchanges (amounts in millions): E ligible for exchange Security Amount To be issu ed 7% Notes 11/15/75 7% Bonds 8/15/81 Unexchanged Total Total B y the general public 4% b o n d s ....................... $2,197 8-1/4% notes ............... 1,922 T o t a l ........................ $4,119 $1,287 1,196 $2,483 $190 61 $251 $1,477 1,257 $2,734 $ 720 665 $1,385 By Federal R eserv e Banks and Government Accounts 4% b o n d s ........................$ 617 8-1/4% n o t e s ............... 327 T o t a l ....................... $ 944 Grand T o t a l................. $5,063 $ 402 190 $ 592 $215 137 $352 $3,075 $603 $ 617 327 $ 944 $3,678 $1,385 A lfr e d H ayes, P re sid e n t.
@FedFRASER