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FED ERAL RE SE R V E BANK O F NEW YORK Fiscal Agent of the United States rC ircu la r N o. 4 2 9 2 1 L December 7, 19SS J T R E A S U R Y ’ S CU RREN T EXCH AN GE OFFERING Final Results To A ll Banking Institutions, and Others Concerned, in the Second Federal R eserve D istrict: The follow in g statement was made public to d a y : The Treasury Department today announced the results of the current exchange offering of 2% per cent one-year Treasury Certificates of Indebtedness of Series D-1956 and 2% percent two and one-half year Treasury Notes of Series A-1958, both dated December 1, 1955, open to holders of $5,359,055,000 of 1*4 percent Treasury Certificates o f Indebtedness of Series E-1955 and $6,853,792,000 of 1% percent Treasury Notes o f Series B-1955, both maturing December 15. Subscriptions for the new issues amounted to $11,365,412,000, leaving $847,435,000 of the maturing issues for cash redemption. Amounts exchanged were divided between the two new issues and among the several Federal Reserve Districts and the Treasury as follows: 2% % T r e a s u r y C e r t i f i c a t e s o f In d e b te d i\ e s s o f S e r ie s Boston ........................................ New York .................................. Philadelphia .............................. Cleveland .................................. Richmond .................................. Atlanta ...................................... Chicago ...................................... St. Louis .................................... Minneapolis .............................. Kansas City .............................. Dallas ........................................ San F ra n cisco............................ Treasurv ................................ T otal ............................................. N otes Exchanged .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... $ 28,197,000 3,394,227,000 29,074,000 40,334,000 25,242,000 53,227,000 237,530,000 52,632,000 23,592,000 35,798,000 21,475,000 213,198,000 2,624,000 $ 62,281,000 4,008,736,000 78,262,000 110,960,000 30,346,000 40,905,000 239,134,000 71,169,000 55,784,000 48,616,000 35,605,000 134,092,000 9,207,000 $ .......... $4,157,150,000 $4,925,097,000 $9,082,247,000 2% % T reasu ry Federal R eserve D istrict N otes of S e r ie s Certificates Exchungcd Boston .................................................... $ 31,705,000 $ New Y o r k .............................................. 464,806,000 Philadelphia ........................ .................. 17,092,000 Cleveland .............................................. 33,641,000 Richmond .............................................. 10,665,000 Atlanta .................................................. 20,807,000 Chicago .................................................. 120,120,000 St. Louis ................................................ 12,144,000 Minneapolis .......................................... 15,897,000 Kansas City .......................................... 29,576,000 Dallas ..................................................... 19,703,000 San F ra n cisco........................................ 36,399,000 Treasury ............................................ 1,443,000 T o ta l ................................................... D-1956 Certificates Exchanged Federal R eserve D istrict $813,998,000 Total E xchanges 90,478,000 7,402,963,000 107,336,000 151,294,000 55,588,000 94,132,000 476,664,000 123,801,000 79,376,000 84,414,000 57,080,000 347,290,000 11,831,000 A-1958 N otes Exchanged Total Exchanges 77,339,000 635,184,000 26,085,000 77,568,000 35,797,000 43,114,000 237,919,000 50,227,000 44,765,000 76,240,000 55,303.000 105,547,000 4,079,000 $ 109,044,000 1,099,990,000 43,177,000 111,209,000 46,462,000 63,921,000 358,039,000 62,371,000 60,662,000 105,816,000 75,006,000 141,946,000 5,522,000 $1,469,167,000 $2,283,165,000 A llan S proul, P resident.