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FE D E RA L R E SE R V E BANK OF NEW YORK Fiscal A gent of the United States f Circular N o . 4 2 4 7 1 L July 12, 1955 J C U R R E N T C A S H O F F E R IN G 1 Yq P ercen t T reasu ry T ax A n ticip a tion Certificates Basis o f A llotm en t T o A ll B anking Institutions, and Others Concerned, i n the Second Federal R eserve D istrict: The follow in g statement was made public tod a y: The Treasury today announced a 19 percent allotment on subscriptions in excess o f $ 1 0 0 , 0 0 0 for the current cash offering of $ 2 billion o f 1 % percent Tax Anticipation certificates. Subscriptions for $100,000 or less will be allotted in full. Subscriptions for more than $100,000 will be allotted not less than $ 1 0 0 ,0 0 0 . Reports received thus far from the Federal Reserve Banks show that subscriptions total about $10,616 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 l l a n S p e o u l , P resident.
@FedFRASER