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F E D E R A L R E S E R V E BA N K O F N EW YORK Fiscal A g en t o f the U nited States r Circular N o. L 4 6 8 9 '1 January 16, 1959 J T R E A SU R Y ’ S C U R R E N T CASH O FFE R IN G OF BONDS Basis of Allotment and Amount of Subscriptions T o A ll Banking Institutions, and O thers Concerned, in the Second Federal R eserve D istrict: The follow in g statement was made public today: The Treasury today announced a 70 percent allotment to savings-type investors, a 35 percent allotment to com mercial banks fo r their own account, and a 15 percent allotment to all other subscribers fo r the current cash offering o f $ % billion, or thereabouts, o f 4 percent Treasury Bonds o f 1980. A s previously announced, all subscriptions up to a maximum o f $25,000 were allotted in fu ll where accompanied by 100 percent payment at the time of entering the subscriptions. A ll other subscriptions fo r $5,000 or less were allotted in full. Subscriptions fo r more than $5,000 were allotted not less than $5,000. In addition to the amount allotted to the public $50 million of these bonds were allotted to Government Investment Accounts. Reports received thus fa r from the Federal Reserve Banks show that subscriptions total almost $1.8 billion, of which about $720 m illion were received from subscribers in the savings-type investor groups, $470 million from commercial banks fo r their own account and $610 m illion from all others. Details by Federal Reserve Districts as to subscriptions and allot ments will be announced when final reports are received from the Federal Reserve Banks. A l f r e d H a y e s , President.
@FedFRASER