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FED ERAL RE SE R V E BANK OF NEW YORK Fiscal Agent of the United States r C i r c u la r N o . 5 0 6 3 1 J u ly 2 1 , 1961 L J Preliminary Figures on Treasury’s Current Exchange Offering To 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: Preliminary figures show that about $11,804 million, or 94.2 percent, of Treasury securities matur ing from August 1 through October 1, 1961, aggregating $12,536 million, have been exchanged for the three new issues included in the current exchange offering. About $732 million, or 5.8 percent, of the four maturing issues remain for cash redemption. Of the maturing securities held outside the Federal Reserve Banks and Government accounts, 9.8 percent were not exchanged. The unexchanged part of the August 1 maturities amounted to 5.8 percent of the public holdings. The unexchanged part of the September and October maturities amounted to 17.9 percent of those publicly held. A breakdown of the subscriptions is as follows (in millions) : M aturing issues exchanged Aug. 1 certificates . . . Aug. 1 n o te s ................ Sept. 15 b o n d s ............ Oct. 1 n o t e s ................ T otal ..................... N ov. 15,1962 notes A u g. 15,1964 notes Bonds o f 1968 ( addl. issue) Total exchanged T otal outstanding $4,568 654 666 183 $3,056 971 880 $ 7,758 1,914 1,860 272 $ 7,829 2,136 81 $134 289 314 8 $6,071 $4,988 $745 $11,804 $12,536 $3,386 2,685 $1,600 3,388 $ 58 687 $ 5,044 6,760 $6,071 $4,988 $745 $11,804 2,239 332 Subscribers Federal Reserve Banks and Govt, accounts A ll o th e r s ..................... T otal ..................... Final figures regarding the exchange will be announced after final reports are received from the Federal Reserve Banks. A l f r e d H a y e s , President.
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