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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.