The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL R E SER VE BANK O F NEW YORK Fiscal A gen t of the United States [" C ircular No. 4 3 9 1 "1 L N ovem ber 26, 1956 J TREASURY’S CURREN T EXCHANGE OFFERINGS P relim inary Figures on Exchanges of M aturing Certificates 'l'u All Banking Institutions, and Others Concerned, in the Second Federal Reserve District: The following statem ent was made public today by the T reasury D epartm ent: Prelim inary figures show th at about $8,580 million of the $9,083 million certificates m aturing December 1 have been exchanged for the new securities currently offered, leaving about $500 million for cash redem ption. Out of about $3,160 million of the m aturing certificates held outside the Federal Reserve System $1,310 million have been exchanged for the new tax certifi cates and $1,350 million for the regular certificates m aturing October 1, 1957. The holdings of the F ederal Reserve System were exchanged for the latter issue. F u rth e r details regarding the exchange will be announced later this week, afte r final reports are received from the F ederal Reserve Banks. A lfred H a yes, President.
@FedFRASER