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FED ERAL RE SE R V E BANK OF NEW YORK Fiscal A g en t o f the U nited States Circular N o. 4 4 2 6 ~1 , February 13, 1957 J TREASU RY’S CURRENT EXCHANGE O F F E R IN G S F in a l R esu lts To A ll B anking In stitution s, and Others Concerned, in the Second Federal 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 of (a ) 3 % percent Treasury Certificates o f Indebtedness o f Series A-1958 to be dated February 15, 1957, due February 14, 1958, open to holders o f $7,219,479,000 o f 2 % percent Certificates o f Indebtedness of Series A-1957 maturing February 15, $2,996,574,000 of 2 % percent Treasury Notes o f Series A-1957 maturing March 15, and $531,296,000 of 1 ^ percent Treasury Notes o f Series EA-1957 maturing A p ril 1, and (b ) 3 % percent Treasury Notes o f Series A-1960 to be dated February 15, 1957, due May 15, 1960, open to the holders o f the certificates m aturing February 15 and the notes maturing March 15. Subscriptions fo r the new issues amounted to $9,867,250,000, leaving $880,099,000 o f the maturing issues for cash redemption. O f this amount $295,224,000 are the certificates m aturing Febru ary 15, $575,212,000 are the notes maturing M arch 15 and $9,663,000 are the notes m aturing A p ril 1. Amounts exchanged were divided between the two new issues and among the several Federal Reserve Districts and the Treasury as follow s: 3 % % T reasury C ertificates Federal R eserve D istrict B o s t o n .................................... New Y o r k .............................. P h ila d elp h ia .......................... Cleveland .............................. R ic h m o n d .............................. A tlanta .................................. C h ic a g o .................................. St. L o u i s ................................ M inneapolis .......................... Kansas C i t y .......................... Dallas ..................................... San F r a n c is c o ...................... T r e a s u r y ............................ T otal ............................ A-1957 Certificates exchanged fo r new certificates of I ndebtedness A-1957 N otes exchanged fo r new certificates B o s t o n .................................... New Y o r k .............................. P h ila d elp h ia .......................... Cleveland .............................. R ic h m o n d .............................. A t la n t a .................................. C h ic a g o .................................. St. L o u i s ................................ Minneapolis .......................... Kansas C i t y .......................... Dallas ..................................... San F r a n c is c o ...................... T r e a s u ry ............................ T otal ............................ S eries A-1958 EA -1957 N otes exchanged f o r new certificates Total exchanges fo r certificates $ 35,736,000 $ 72,068,000 $ 161,000 5,694,573,000 736,388,000 506,028,000 23,459,000 49,124,000 1,944,000 78,325,000 63,197,000 896,000 9,503,000 18,029,000 129,000 65,582,000 27,328,000 733,000 216,891,000 269,986,000 3,349,000 55,145,000 59,209,000 833,000 39,539,000 28,472,000 6,524,000 41,032,000 42,764,000 637,000 18,207,000 14,336,000 - 89,980,000 121,411,000 363,000 26,222,000 4,373,000 36,000 $6,394,194,000 $1,506,685,000 3i/2% T reasury N otes Federal R eserve D istrict of A-1957 Certificates exchanged f o r new notes $ of $521,633,000 $8,422,512,000 S eries A-1960 A-1957 N otes exchanged fo r new notes Total exchanges fo r notes 9,107,000 $ 48,871,000 377,607,000 375,648,000 14,096,000 43,199,000 17,006,000 54,144,000 942,000 21,354,000 8,229,000 19,707,000 41,411,000 195,452,000 17,981,000 28,689,000 6,590,000 27,479,000 9,975,000 27,942,000 4,869,000 13,070,000 8,997,000 58,583,000 13,251,000 539,000 $530,061,000 $ 107,965,000 6,936,989,000 74,527,000 142,418,000 27,661,000 93,643,000 490,226,000 115,187,000 74,535,000 84,433,000 32,543,000 211,754,000 30,631,000 $ 57,978,000 753,255,000 57,295,000 71,150,000 22,296,000 27,936,000 236,863,000 46,670,000 34,069,000 37,917,000 17,939,000 67,580,000 13,790,000 $914,677,000 $1,444,738,000 A lfred H ayes, President.
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