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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 ITED S TATE S Dallas, Texas, June 19, 1952 ALLOTMENT OF 2% PERCENT TREASURY BONDS OF 1958 To All Banking Institutions, and Others Concerned, in the Eleventh Federal Reserve District: The following statement, giving subscriptions received and the basis of allotment for the current offering of Treasury Bonds of 1958, was issued today by the Treasury Department: “ Secretary of the Treasury Snyder announced today that the cash offering of 2% percent Treasury Bonds of 1958, on which the books were opened for subscription on Monday, June 16, was oversubscribed by more than three times. Subscriptions from nonbank investors alone exceeded the amount of the offering, which was $3V& billion, or thereabouts; and were so large that the total allotment had to be expanded in order to provide any minimum allotment to commercial banks. “ Total subscriptions received aggregated approximately $11,695,000,000. Subscriptions from nonbank investors totaled $3,642,000,000. In accordance with the announcement of the offering, these subscriptions will be allotted in full, and commercial banks will be allotted up to $100,000 each. The total of the new issue will approximate $4,249,000,000, divided as follows: (In millions) Nonbank subscriptions to be allotted in full__________________________________ $3,642 Commercial bank subscriptions for amounts up to and including $100,000 for their own account to be allotted in full_______________________ ____________ 193 Commercial bank subscriptions for amounts over $100,000 for their own account to be allotted $100,000 on each subscription______________________ 314 In addition to the above, there were allotted to government investment accounts 100 Approximate total allotments_______________________________________________ $4,249 “ Details 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, R. R. GILBERT President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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