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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.