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FE D E RA L RE SE R V E BANK OF NEW YORK Fiscal A g en t o f the U nited States J" Circular N o. 4 8 8 9 1 L M ay 13, 1960 J TREASURY’S CURRENT EXCHANGE OFFERINGS Final Results T o A ll Banking Institutions, and Others Concerned, in the Second Federal R eserve D istrict: The following statement was made public today by the Treasury Department: The results o f the Treasury’s current exchange offering o f 4 % percent one-year certificates o f indebtedness, due M ay 15, 1961, and 4 % percent five-year notes, due M ay 15, 1965, both to be dated May 15, 1960, are summarized in the follow ing tables: (I n thousands o f dollars) Kliaihl# M aturing Issues 4 % Certificates, B-1960. 3 1 / 2 % Notes, A - 1 9 6 0 .... 3Y4 % Notes, B -1 9 6 0 .... fo r Exchange 4% % Certificates $1,269,461 2,406,125 2,737,635 $ 927,972 1,037,448 1,707,973 T o t a l ........................$6,413,221 E xchanges E xchange Subscriptions f o r N ew Issues for4 % $3,673,393 P ercent C ertificates 4 % Certificates Series B-1960 B o s t o n ............................ New Y o r k ..................... Philadelphia ............... Cleveland ...................... R ic h m o n d ...................... A t la n t a .......................... C h ica 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 r y .................... $ 27,500,000 588,648,000 13,817,000 29,844,000 12,280,000 19,733,000 95,585,000 17,306,000 16,081,000 34,128,000 20,006,000 45,446,000 7,598,000 $ T otal ............... $927,972,000 E xchanges ............... Total $1,171,414 2,122,903 2,492,031 $ 98,047 283,222 245,604 $5,786,348 I ndebtedness of $626,873 S eries B-1961 3 y ± % N otes Series B-1960 34,165,000 496,475,000 28,308,000 58,008,000 26,660,000 33,181,000 142,481,000 29,550,000 34,573,000 26,559,000 26,831,000 77,636,000 23,021,000 $ 39,227,000 1,097,482,000 29,089,000 52,824,000 20,071,000 60,016,000 170,660,000 27,285,000 29,682,000 50,873,000 30,910,000 97,232,000 2,622,000 $ 100,892,000 2,182,605,000 71,214,000 140,676,000 59,011,000 112,930,000 408,726,000 74,141,000 80,336,000 111,560,000 77,747,000 220,314,000 33,241,000 $1,037,448,000 $1,707,973,000 $3,673,393,000 4 % P ercent N otes $ 31,503,000 91,938,000 4,922,000 18,486,000 6,844,000 7,511,000 49,646,000 7,347,000 8,114,000 6,744,000 2,861,000 6,170,000 1,356,000 $243,442,000 of Vnr Cash R edem ption 3 % % N otes Series A-1960 4 % Certificates Series B-1960 Boston .......................... New Y o r k ...................... Philadelphia ............... C le v e la n d ...................... Richmond ................... A t la n t a .......................... Chicago ........................ St. Louis ...................... M in n e a p o lis ................. Kansas C i t y ................. Dallas ............................ San F r a n c is c o ............. Treasury ................. T ota l for $ 243,442 1,085,455 784,058 $2,112,955 Federal R eserve D istrict Federal R eserve D istrict 4% % N otes of S eries A-1965 3 % % N otes Series A-1960 5 % % N otes Series B-1960 34,992,000 505,828,000 24,829,000 71,240,000 15,710,000 29,545,000 162,339,000 29,913,000 25,807,000 44,814,000 20,668,000 69,192,000 50,578,000 $ 32,189,000 374,306,000 16,268,000 56,364,000 21,250,000 29,844,000 145,223,000 19,868,000 17,001,000 27,105,000 12,430,000 31,710,000 500,000 $1,085,455,000 $784,058,000 $ Total E xchanges fo r B-1961 Certificates A lfred Total Exchanges f o r A-1965 N otes $ 98,684,000 972,072,000 46,019,000 146,090,000 43,804,000 66,900,000 357,208,000 57,128,000 50,922,000 78,663,000 35,959,000 107,072,000 52,434,000 $2,112,955,000 H ayes, President.