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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.