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FED ERAL R E SER VE BANK OF NEW YORK Fiscal A g en t o f the U nited States r Circular No. 4 5 2 1 1 L October 23, 1957 J Basis of Allotment of FNMA Notes To A ll Banking In stitution s, and Others Concerned, in the Second Federal R eserve D istrict: The following statement was made public today: The Treasury today announced a 44 percent allotment on subscriptions for more than $100,000 for the current cash offering o f 4 % percent Federal National Mortgage Association Notes o f Series ML-1958-B. None o f these subscriptions will be allotted less than $100,000 and subscriptions for $100,000 and less w ill be allotted in full. Reports received from the Federal Reserve Banks show that subscrip tions total about $1,644 million. Details by Federal Reserve Districts as to subscriptions and allotments w ill be announced when final reports are received from the Federal Reserve Banks. A lfred H ayes, President.
@FedFRASER