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FED ER A L RESERVE BANK O F N EW YORK Fiscal A g en t o f the U nited States r Circular N o. 4 9 9 9 1 February 9, 1961 J L TREASURY’S CURRENT OFFERING OF NOTES Amounts of Subscriptions and Bases of Allotments To All Banking Institutions, and Others Concerned, in the Sccond Federal Reserve District: The following statement was made public today by the Treasury Department: Reports received from the Federal Reserve Banks show that subscriptions total about $18,974 m illion fo r the offering o f $6,900 million, or thereabouts, o f 3*4 percent Treasury Notes o f Series G-1962, due A ugust 15, 1962. Total subscriptions accepted am ount to about $7,343 million. The Treasury will allot in fu ll all subscriptions fo r the notes, totaling about $4,363 million, from States, political subdivisions or instrumentalities thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central banks and foreign States, Government Investment Accounts, and the Federal Reserve Banks, as provided in the offering circular. On subscriptions received subject to allotment, the Treasury announced a 20 percent allotment. Subscriptions fo r $10,000 or less will be allotted in full. Subscriptions for more than $10,000 w ill be allotted n ot less than $10,000. Reports received thus fa r from the Federal Reserve Banks show that subscriptions fo r the notes subject to allotment total about $7,564 m illion from commercial banks fo r their own account and $7,048 million from all others. Details by Federal Reserve Districts as to subscriptions and allotments w ill be announced when final reports are received from the Federal Reserve Banks. A lfred H ayes, President.
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