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FEDERAL RESERVE BANK OF NEW YORK Fiscal A gent of the United States r Circular No. 4 5 0 8 T U September 18, 1957 J T R E A S U R Y ’ S CU R R E N T CASH OFFERINGS — Bases o f A llotm ent — Amounts o f Subscriptions To all Banking Institutions, and Others Concerned, in the Second Federal R eserve D is tr ic t: The follow in g statement was made public tod a y : The Treasury today announced a 10 percent allotment on subscriptions in excess o f $50,000 fo r the current cash offering o f $500 m illion o f 4 percent Treasury Bonds o f 1969; a 28 percent allotment on subscriptions in excess o f $100,000 for the current cash offering o f $1,750 m illion o f 4 percent Treasury Notes o f Series B -1962; and a 22 percent allotment on subscriptions in excess o f $100,000 fo r the current cash offering o f $750 million o f 4 percent Treasury Certificates o f Indebtedness o f Series C-1958. Subscriptions fo r $50,000 or less fo r the bonds will be allotted in full, and subscriptions for more than $50,000 will be allotted not less than $50,000. Sub scriptions for $ 1 0 0 , 0 0 0 or less fo r both the certificates and notes w ill be allotted in full, and subscriptions fo r more than $ 1 0 0 ,0 0 0 will be allotted not less than $100,000. In addition to the amount allotted to the public, $100 million o f each of the three issues will be allotted to Government Investment Accounts. Reports received thus far from the Federal Reserve Banks show that sub scriptions total about $4,644 million fo r the bonds, $6,085 m illion for the notes, and $3,062 million fo r the certificates. Details as to subscriptions and allotments will be announced when final reports are received from the Federal Reserve Banks. A lfred H ayes, President.
@FedFRASER