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F E D E R A L R E S E R V E BANK OF NEW YORK Fiscal Agent of the United States r Circular No. 4 4 6 0 T L May 10, 19S7 J T R E A S U R Y ’S CU R R E N T E XC H A N G E OFFERINGS Prelim inary Figures on Exchanges o f Maturing Notes To A ll Banking Institutions, and O thers Concerned, in the Second Federal Reserve D istrict: The follow in g statement was made public today by the T reasury D epartm ent: Prelim inary figures show that about $2,988 million o f the Treasury notes maturing May 15 have been exchanged fo r the new 3 % percent certifi cates maturing A p ril 15, 1958, and 3 % percent Treasury notes maturing February 15, 1962. A bout $2,341 million were exchanged for the new certificates and $647 m illion fo r the new notes, leaving about $1,167 million fo r cash redemption. Further details regarding the exchange will be announced next week after final reports are received from the Federal Reserve Banks. A lfred H ayes, President.
@FedFRASER