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FE D E RA L R E SE R V E BANK O F NEW YORK Fiscal Agent of the United States r C ircu lar N o . 4 9 0 0 1 L Jun e 1 5 , 19 60 J T R E A SU R Y ’S CU R R E N T A D V A N C E REFUNDING Amounts o f Subscriptions and Bases o f Allotments To All Banking Institutions, and Others Concerned, in the Second Federal Reserve District: The following statement was made public today by the Treasury Department: Prelim inary figures show that holders o f approxim ately $4,874 million o f 2y 2 percent Treasury Bonds o f 1961, m aturing November 15, 1961, have submitted exchange subscrip tions in the current advance refunding. Subscriptions include $4,553 million fo r the new 3 % percent notes m aturing May 15, 1964, and $321 million fo r the new 3 % percent bonds maturing May 15, 1968. The Treasury will allot in fu ll all subscriptions received fo r the 3 % percent bonds. Subscriptions for the bonds include $101 million from commercial banks fo r their own account, $57 million from Government Investment Accounts, and $163 million from all other subscribers. The Treasury will allot 85 percent on subscriptions in excess o f $25,000 fo r the 3 % percent notes. Subscriptions fo r $25,000 or less will be allotted in full. Subscriptions fo r more than $25,000 will be allotted not less than $25,000. Subscriptions fo r the notes include $3,023 million from commercial banks fo r their own account, $83 million from Government Investment Accounts, and $1,447 million from all other subscribers. Details by Federal Reserve Banks as to subscriptions and allotments will be announced when final reports are received from the Federal Reserve Banks. A lfred H ayes, President.
@FedFRASER