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FEDERAL RESERVE BANK OF DALLAS
F IS C A L A G E N T O F TH E U N ITE D ST A T E S

Dallas, Texas, November 2, 1953

ALLOTMENT OF 2 % PERCENT TREASURY BONDS OF 1961

To All Banking Institutions and Others Concerned
in the Eleventh Federal Reserve District:
The following press statement was released today by the Treasury
Department:
“ The Treasury today announced the basis of allotment on sub­
scriptions for the current cash offering of 2% percent Treasury
Bonds of 1961.
“ Subscriptions in amounts up to and including |10,000, totaling
about $221/2 million, were allotted in full. Subscriptions from mutual
savings banks, insurance companies, pension and retirement funds
and state and local governments, aggregating about $1.8 billion, were
allotted 24 percent, and subscriptions from all others, including
$8% billion from commercial banks, were allotted 16 percent, but not
less than $10,000 on any one subscription.
“ Preliminary reports received from the Federal Reserve Banks
show that subscriptions totaled over $12% billion, and total allot­
ments will be about $2.2 billion.
“ Details by Federal Reserve Districts as to subscriptions and
allotments will be announced when final reports are received from
the Federal Reserve Banks.”
Appropriate allotment notices will be forwarded to all banks entering
subscriptions for their own account or for the account of customers.
Yours very truly,
W. D. GENTRY
First Vice President

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)