Full text of Federal Reserve Bank of New York Circulars : 4214. Current Cash Offering, 1 3/8 Percent Tax Anticipation Certificates of Indebtedness, Basis of Allotment

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FED ERAL R E SE R V E BANK
OF NEW YORK
Fiscal Agent of the United States

f Circular No. 4 2 1 4 1
L March 25, 1955 J

CURRENT CASH OFFERING

1% Percent Tax Anticipation Certificates of Indebtedness

Basis of Allotment

To All Banking Institutions, and Others Concerned,
in the Second Federal Reserve D istrict:

The following statement was made public tod ay:
The Treasury today announced a 40 percent allotment on subscriptions
for the current cash offering of 1 % percent tax anticipation certificates.
However, subscriptions for $50,000 or less will be allotted in full. Subscrip­
tions for more than $50,000 will be allotted not less than $50,000.
Reports received thus far from the Federal Reserve Banks show that
subscriptions total about $7,938 million. Details by Federal Reserve Districts
as to subscriptions and allotments will be announced when final reports are
received from the Federal Reserve Banks.




A

llan

S proul,

President.