Full text of Federal Reserve Bank of New York Circulars : 4359. Treasury's Current Cash Offering, 2 3/4 Percent Tax Anticipation Certificates of Indebtedness of Series B-1957, Amount of Subscriptions and Basis of Allotment

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FED ERAL RE SE R V E BANK
OF NEW YORK
Fiscal A g en t of the U nited States

r C ircular N o. 4 3 5 9 "I
L A u g u st 8, 1956
J

T R E A S U R Y ’S C U R R E N T C A SH O F F E R IN G

2% P ercen t T a x A n tic ip a tio n C ertificates o f In d eb ted n ess o f S eries B-1957

A m o u n t o f S u b scrip tio n s and B asis o f A llo tm e n t

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

The following statem ent was made public today:
The T reasury today announced a 29 percent allotm ent on subscriptions
in excess of $100,000 fo r the cu rren t cash offering of $3 billion of 2% percent
tax anticipation certificates. Subscriptions for $100,000 or less will be
allotted in full. Subscriptions for more th an $100,000 will be allotted not
less th an $100,000.
R eports received thus fa r from the F ederal Reserve Banks show th a t
subscriptions to tal about $10,600 million. D etails by F ederal Reserve Dis­
tricts as to subscriptions an d allotm ents will be announced when final reports
are received from the F ederal Reserve Banks.




A lfred

H ayes,

President.