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F E D E R A L R E S E R V E BANK OF NEW YORK Fiscal Agent of the United States r Circular No. 4 1 3 0 1 L July 23, 1954 J CURRENT CASH OFFERING 1 Percent Tax Anticipation Certificates o f Indebtedness Basis of Allotment T o A ll Banking Institutions, and Others Concerned, in the Second F ederal R eserve D istrict: The following statement was made public today: T he T rea su ry to d a y a n nou n ced a 40 p ercen t allotm ent on su bscription s fo r the cu rre n t cash offe rin g o f 1 p ercen t T a x A n ticip a tio n certificates. H ow ever, su bscrip tion s fo r $50,000 or less w ill be a llotted in fu ll. S u b scrip tions fo r m ore than $50,000 w ill be allotted n o t less than $50,000. R ep orts received thus fa r fro m the F e d era l R eserve B anks show that su b scrip tion s total abou t $9 Vi b illion . D etails b y F e d era l R eserve D istricts as to su bscrip tion s a n d allotm ents w ill be a n nou n ced w hen final rep orts are received fro m the F e d era l R eserve Banks. A llan S proul, President.
@FedFRASER