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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 No. 4 1 7 0 T L December 6, 1954 J CURRENT EXCHANGE OFFERING Final Tabulation o f Subscriptions To All Banking Institutions, and Others Concerned, in the Second Federal Reserve D istrict: The following statement was made public December 3, 1954: The Treasury Department announced today that final tabulation of subscriptions for the recent exchange offering showed $6,724 million for the new 8-year and 8-month 2y2 percent Treasury bonds, $5,358 million for the new one-year 1 % percent certificates, and $4,920 million for the 1% percent certificates maturing August 15, 1955. The following tables show the amounts outstanding of the three issues eligible for exchange, and the extent to which they are being exchanged for the new issues, and subscriptions by Federal Reserve Districts. (I n m illions o f dollars) "Flinihlp E xchange Subscriptions f o r N ew Issues fo r E xch an ge 2%% Notes .......................... Bonds o f 1952-54 Bonds o f 1951-55----- $ 8,175 8,662 510 Total.................. $17,347 Old Issues S u b s c r ip t io n s l %% i% % Cert. Total U ncxchanged $ 346 6,002 376 $3,286 1,985 87 $4,498 408 14 $ 8,130 8,395 477 $ 45 267 33 $6,724 $5,358 $4,920 $17,002 $345 Bond by F Cert. ederal R eserve 2% % Federal R eserve D istrict Boston .................................................... New York .............................................. Philadelphia .......................................... Cleveland .............................................. Richmond .............................................. Atlanta .................................................. Chicago .................................................. St. Louis ................................................. M inneapolis............................................ Kansas City .......................................... D a lla s...................................................... San F ra n cisco........................................ Treasury ................................................ Total ............................................ D is t r ic t s l 3/i% l %% Series E-1955 C ertificates Series D-1955 Certificates $ 229,505,500$ 72,468,000 2,868,852,0003,943,878,000 276,455,500 68,960,000 393,306,500 116,944,000 156,571,000 58,094,000 174,789,000 109,139,000 1,043,519,000 421,692,000 237,280,000 70,301,000 192,452,000 55,755,000 258,166,500 91,455,000 188,682,500 44,665,000 694,193,500 299,983,000 9,899,000 5,072,000 $ 1,672,000 4,869,192,000 2,645,000 14,560,000 2,965,000 6,814,000 12,470,000 2,473,000 1,817,000 2,520,000 1,237,000 1,528,000 38,000 Treasury Bonds o f 196S $6,723,672,000 $5,358,406,000 A $4,919,931,000 llan S proul, President.
@FedFRASER