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F E D E R A L R E S E R V E BANK O F NEW YORK Fiscal Agent of the United States f" Circular N o. 4 1 6 8 T L Novem ber 29, 1954 J CURRENT EXCHANGE OFFERING Amounts o f Subscriptions To All Banking Institutions, and Others Concerned, in the Second Federal Reserve D istrict: The following statement was made public today: Preliminary figures show that about $6.7 billion of Treasury securities maturing December 15th have been exchanged for the new medium term eight-year, eight-month 2V& percent Treasury bonds. The final results o f the three-way exchange offering for $17.3 billion of certificates and bonds maturing on December 15th will be announced later this week. The preliminary figures also show approximately $5.3 billion subscrip tions for the new one-year 1% percent certificate of indebtedness and approximately $4.9 billion for the lYs percent certificate maturing August 15, 1955. A l l a n S pbou l, President.