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FE D E RA L R E SE R V E BANK OF NEW YORK Fiscal A g en t o f the U nited States ["Circular No. 4 3 2 0 *1 L March 14, 1956 J T R E A S U R Y ’S CU RREN T EXCH AN G E OFFERING Final Results T o A ll B anking In stitution s, and Others Concerned, in th e Second F ederal R eserve D istrict: T h e f o ll o w in g s ta te m e n t w a s m a d e p u b lic t o d a y : The Treasury Department today announced the results o f the current exchange offering o f 2 % per cent Treasury Certificates o f Indebtedness o f Series A-1957, dated March 5, 1956, due February 15, 1957, open to holders o f $8,471,880,000 o f 1 % percent Treasury Notes o f Series A-1956 maturing M arch 15,1956, and $1,007,043,000 o f l 1/^ percent Treasury Notes o f Series E A -1956 m aturing A pril 1, 1956; and an additional amount o f the 2 % percent Treasury Notes o f Series A-1958 m aturing June 15, 1958 (originally issued December 1, 1955) open only to holders o f the m aturing Series A-1956 notes. Subscriptions for the new issues amounted to $9,342,819,000, leaving $136,104,000 o f the maturing issues fo r cash redemption. Amounts exchanged were divided between the two new issues and among the several Federal Reserve Districts and the Treasury as follow s: 2 % % T reasury C ertificates of I ndebtedness A-1956 N otes exchanged f o r certificates Federal R eserve D istrict Boston ........................................................ $ 58,811,000 5,270,021,000 New Y ork ................................................. 22,559,000 Philadelphia ............................................. Cleveland ................................................. 105,384,000 Richmond ................................................. 20,429,000 Atlanta ...................................................... 84,839,000 Chicago ...................................................... 330,182,000 St. Louis .................................................... 79,778,000 M in n eap olis............................................... 46,808,000 Kansas C ity ............................................. 50,697,000 D a lla s .......................................................... 23,956,000 San F r a n c is c o ........................................... 114,551,000 Treasury ............................................... 21,935,000 T o t a l ................................................. of 58,815,000 6,273,166,000 22,726,000 105,587,000 20,439,000 84,848,000 330,987,000 79,894,000 46,858,000 50,970,000 23,956,000 114,551,000 21,935,000 $7,234,732,000 S eries A-1958 Boston ........................................................ New Y ork ................................................. Philadelphia ............................................. Cleveland ................................................. Richm ond .................................................. Atlanta ...................................................... Chicago ...................................................... St. L o u i s .................................................... M in n eap olis............................................... Kansas C ity ............................................. D a lla s .......................................................... San F r a n c is c o ........................................... Treasury ............................................... tal Total exchanges f o r certificates $1,004,782,000 F ederal R eserve D istrict To S eries A-1957 $ 4,000 $ 1,003,145,000 167,000 203,000 10,000 9,000 805,000 116,000 50,000 273,000 ------------------ ------------------ $6,229,950,000 2 % % T reasury N otes of E A -1956 N otes exchanged f o r certificates ......................................................... A -1956 N otes exchanged fo r notes $ 44,976,000 1,212,763,000 34,353,000 82,595,000 14,939,000 67,222,000 288,234,000 48,458,000 28,991,000 73,410,000 29,313,000 182,153,000 680,000 $ 2 ,1 0 8 ,0 8 7 ,0 0 0 A llan S proul, P resident.
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