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FEDERAL RESER VE BANK OF NEW YORK Fiscal Agent of the United States r Circular No. 4 1 9 9 1 L February 16, 1955 J RECENT 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 February 15: The Treasury Department announced today that final tabulation of subscriptions for the recent exchange offering showed $1,923 million for the new 40-year 3 percent Treasury bonds, $3,793 million for the new 21/£-year 2 percent notes, and $8,462 million for the 13-month 1% percent notes. 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. (In millions o f dollars) Eligible for Exchange Old Issues Exchange Subscriptions for New Issues 3% 2% Note Bond Certificates.......... .......... N o te s.................... .......... Called Bonds $ 7,007 2,611 1,923 $1,167 2,626 — T o t a l............ .......... $14,983 $1,923 $3,793 $ — — 1 %% Note Total Unexchanged $5,738 2,401 323 $ 6,905 5,027 2,246 $8,462 $14,178 $ 10 2 338 365 $805 SUBSCRIPTIONS B Y FEDERAL RESERVE DISTRICTS 3% 2 % i% % Treasury Bonds o f 1995 Series C-1957 Notes Series A-1956 Notes Boston .............................................. New Y o r k .......................................... Philadelphia .................................... C leveland.......................................... R ich m on d.......................................... ___ A tla n ta .............................................. ___ Chicago ............................................ St. L o u is ............................................ M inneapolis...................................... Kansas C i t y ...................................... D a lla s ................................................ San F ra n cisco .................................. Treasury .................................. $ 128,296,500 1,283,751,500 35,322,000 63,732,500 19,314,500 8,438,500 228,779,500 23,766,500 40,642,500 36,438,500 16,464,000 32,559,000 5.764,500 $ 124,617,000 1,523,200,000 127,528,000 169,896,000 84,280,000 120,808,000 667,268,000 183,946,000 137,460,000 206,531,000 123,931,000 311,698,000 12,146,000 $ 119,711,000 6,456,606,000 81,486,000 210,495,000 59,339,000 161,300,000 598,968,000 110,419,000 97,254,000 144,929,000 46,506,000 352,562,000 22,453,000 Total ................................ . . . . $1,923,270,000 $3,793,309,000 $8,462,028,000 Federal Reserve District A llan S proul, President.