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FEDERAL RESERVE BANK
OF NEW YORK
F iscal A gen t of the United States

J" C ircular N o. 4 3 9 3 "I
L N ovem ber 29, 1956 J

TREASURY’S CURRENT EXCHANGE OFFERINGS
Final Results

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

The following statem ent was made public today:
The T reasury D epartm ent today announced the results of the cu rren t exchange offer­
ing of 31,4 percent Tax A nticipation Certificates of Indebtedness of Series C-1957, m aturing
Ju n e 24, 1957, and 3^4 percent T reasury Certificates of Indebtedness of Series D-1957,
m atu rin g October 1, 1957, both series to be dated December 1, 1956, and open to holders of
$9,083,218,000 of 2% percent certificates of indebtedness m aturing December 1, 1956.
Subscriptions for the two new issues am ounted to $8,583,470,000, leaving $499,748,000
of the m aturing certificates fo r cash redem ption.
Amounts exchanged were divided among the several F ederal Reserve D istricts and the
T reasury as follows:
Series C-1957
Certificates

Federal Reserve District

Boston .............................................
New York ......................................
Philadelphia ..................................
Cleveland .......................................
Richmond ......................................
A tlan ta ...........................................
Chicago ...........................................
St. Louis .........................................
Minneapolis ..................................
Kansas City ..................................
Dallas .............................................
San Francisco ..............................
T reasury ....................................




T ota l ....................................

$

43,029,000
812,593,000
29,370,000
71,903,000
19,308,000
25,596,000
142,525,000
35,597,000
32,591,000
24,497,000
17,706,000
54,847,000
2,891,000

$1,312,453,000

Series D-1957
Certificates

$

43,365,000
6,515,491,000
21,485,000
83,863,000
27,503,000
60,583,000
236,559,000
81,241,000
44,630,000
50,162,000
35,174,000
62,520,000
8,441,000

$7,271,017,000
A lfred H

ayes,

President.