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FEDERAL RESERVE BANK O F N EW YORK F is ca l A g e n t o f th e U n ite d States r Circular N o. 4 9 2 1 1 L A ugust 5, 1960 J T R E A S U R Y ’ S C U R R E N T O F F E R IN G S O F C E R T I F IC A T E S A N D B O N D S Amounts of Subscriptions and Bases of Allotments To All Banking Institutions, and Others Concerned, in the Second Federal Reserve D istrict: The following statement was made public today by the Treasury Department: R eports received fr o m the F e d e ra l R eserve Banks show that su bscrip tion s total abou t $17,377 m illion f o r the offerin g o f $7,750 m illion , o r thereabouts, o f 3 y$ p e rce n t T rea su ry C ertificates o f Indebtedness o f S eries C-1961, due A u g u s t 1, 1961, an d about $5,178 m illion fo r the a d d ition a l o ffer in g o f $1,000 m illion , or thereabouts, o f 3 % p e rc e n t T rea su ry B o n d s o f 1968, du e M a y 15, 1968, in clu d ed in the T re a s u ry ’s cu rre n t financing. T he T reasu ry w ill allot in fu ll a ll su b scrip tion s fo r the certificates, totalin g abou t $6,282 m illion, fro m States, p o litica l su bdivision s o r in stru m en talities th ereof, p u b lic pen sion an d retirem ent an d oth er p u b lic fu n d s, in tern ation al organ izations in w hich the U n ited States h olds m em bership, fo re ig n cen tral banks a n d fo re ig n States, G overn m en t In vestm en t A ccou n ts, an d the F e d e ra l R eserve Banks, as p ro v id e d in the offerin g circu la r. O n su b scrip tion s f o r the certificates receiv ed su b je ct to allotm ent, the T reasu ry a n n ou n ced a 13 p ercen t allotm ent. S u b scrip tion s fo r $25,000 or less w ill be allotted in fu ll. S u bscrip tion s f o r m ore than $25,000 w ill be allotted n ot less th an $25,000. R ep orts received thus f a r fro m the F e d e ra l R eserve B anks show that su bscrip tion s f o r the certificates tota l about $5,903 m illion fro m com m ercial banks fo r th eir ow n a ccou n t a n d $5,192 m illion fr o m a ll others. O n the a d d ition a l offe rin g o f $1,000 m illion , or thereabouts, o f 3 % p e rce n t T rea su ry B on d s o f 1968, the T rea su ry a n nou n ced a 25 p e rce n t allotm en t to savin gs-type investors a n d G overn m en t In vest m ent A ccou n ts, a 20 p e rce n t allotm en t to com m ercial banks fo r th eir ow n accou nt, an d a 15 p ercen t allotm ent to all oth er subscribers. S u b scrip tion s fo r $5,000 or less w ill be allotted in fu ll. S u b scrip tions fo r m ore than $5,000 w ill be allotted n ot less than $5,000. S u b scrip tion s f o r the 3 % percen t T rea su ry bon ds in clu d e $1,181 m illion fr o m savin gs-type investors, $100 m illion fr o m G overnm ent Investm ent A ccou n ts, $2,708 m illion fr o m com m ercia l banks fo r th eir ow n accou nt, a n d $1,190 m illion fro m a ll others. T he savin gs-type investors whose su bscrip tion s were g iv en a 25 p ercen t allotm en t are as fo llo w s : P en sion a n d retirem en t fu n d s— p u b lic an d p rivate E n d ow m en t fu n d s C om m on tru st fu n d s u n d er R egu la tion F o f the B oa rd o f G overn ors o f the F e d e ra l R eserve System In su ran ce com panies M u tu al savings banks F ra tern a l benefit associations an d la b o r u n io n s ’ insurance fu n d s Savin gs an d loa n associations C redit unions O ther savings organ izations (n o t in clu d in g com m ercial banks) States, p olitica l su bdivision s or instru m en talities th ereof, an d p u b lic fu n d s D etails b y F e d e ra l R eserve D istricts as to su bscrip tion s and allotm ents w ill b e a n nou n ced when final rep orts are received fro m the F e d era l R eserve Banks. The Treasury has advised us that allotments o f b o t h certificates and bonds will be adjusted, where necessary, to the next higher multiple of $1,000. A l f r e d H a y e s , President.
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