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FEDERAL RESERVE BANK OF NEW YORK Fiscal A gen t o f the U nited States r C ircu lar N o . 5 1 1 1 T L N o v e m b e r 17, 1961 J TREASURY’S RECENT EXCHANGE OFFERING OF BONDS AND NOTES Final Results To A ll Banking Institutions, and Others Concerned, in the Second Federal R eserve D istrict: The following statement was made public November 15 by the Treasury Department: The Treasury Department announced today the results of the current exchange offering o f : 3^ percent notes dated November 15, 1961, maturing February 15, 1963, 3% percent bonds (additional issue) dated November 15, 1960, maturing May 15, 1966, and 37/s percent bonds of 1974 (additional issue) dated December 2,1957, maturing November 15, 1974, open to holders of $6,963 million of 21/£% bonds of 1961, maturing November 15, 1961. Total subscrip tions amount to $6,542 million, leaving $421 million of the maturing bonds for cash redemption. Amounts exchanged were divided among the Federal Reserve Districts and the Treasury as follows: 3 ^ % N otes Series E-1963 3 % % Bonds o f 1966 3 7/s% Bonds o f 1974 B o sto n .......................................... $ 114,577,000 New Y o r k .................................... 1,737,673,000 Philadelphia .............................. 79,881,000 Cleveland .................................. 132,037,000 48,050,000 R ich m on d.................................... Atlanta ........................................ 139,734,000 477,894,000 Chicago ...................................... St. L o u is ...................................... 171,255,000 Minneapolis ................................ 56,484,000 Kansas C i t y ................................ 113,106,000 Dallas .......................................... 95,339,000 San F ra n cisco ............................ 459,999,000 T reasu ry.................................. 15,647,000 $ 124,512,000 1,048,661,500 52,664,000 116,858,000 38,535,000 45,566,000 382,834,500 80,486,000 84,117,500 102,038,500 74,122,000 226,831,500 5,752,500 $ 4,454,000 430,644,500 4,840,500 3,955,000 3,162,500 1,803,000 31,574,500 5,766,500 1,976,500 8,960,000 2,531,500 16,623,500 1,076,000 $2,382,979,000 $517,368,000 Federal R eserve D istrict T o t a l .............. ................. $3,641,676,000 Subscriptions reported above include $4 million by Government investment accounts to the 3% percent bonds of 1966, and $136 million to the 3% percent bonds of 1974. A l f r e d H a y e s, P r e s id e n t.