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FEDERAL RESERVE BANK OF DALLAS F I S C A L A G E N T O F T H E U N IT E D S T A T E S Dallas, Texas, April 17,1953 STATEMENT REGARDING ALLOTMENT OF CURRENT CASH OFFERING To All Banking Institutions, and Others Concerned, in the Eleventh Federal Reserve District: There is quoted below a press statement released today concerning the current cash offering of 3% percent Treasury Bonds of 1978-83: “ Secretary of the Treasury Humphrey announced today that the current cash offering of 3 % percent Treasury Bonds has been heavily oversubscribed. Present indications are that total subscriptions when processed will be about $5,500,000,000. Some subscriptions were excessive in relation to the net worth of the subscribers, and the Federal Reserve Banks are reviewing these subscriptions before allotments can be made. “ Precise allotments on this issue will be deferred until next week in order to give time to complete this review. All subscriptions accepted will be allotted on an equal percentage basis.” 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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