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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States /"Circular No. 5 1 1 9 1 L December 6,1961 J Preliminary Results of Treasury’s Current Exchange Offering Open to Holders of Series F and G Savings Bonds Maturing in 1962 T o A ll Banking Institutions, and O thers C on cern ed, in th e Second Federal R eserve District: The following statement was made public today by the Treasury Department: T h e Treasury a n n ou n ced tod a y that on the basis o f prelim inary reports holders o f $316 m illion o f the $970 m illion o f outstanding Series F and G savings b o n d s m aturing in 1962 h ave ex ch a n ged their b o n d s fo r the 37/s p ercen t Treasury B onds o f 1968, dated June 23, 1960, m aturing M ay 15, 1968. T h e b o n d s exch an ged in clu d e $48 m illion o f Series F and $268 m illion o f Series G. T h e 37/s p ercen t b on d s constitute an a d dition al am ou n t to the $2,137 m illion o f such b on d s (in c lu d in g $376 m illion h eld b y F ed era l R eserve Banks and Treasury Investm ent A c c o u n ts ) n o w outstanding. T h e b o n d s w e re offered to h olders o f Series F and G b on d s m atur in g in 1962 at a p rice o f 99.50 percen t, w ith certain interest and other adjustm ents as o f D e ce m b e r 15, 1961. T h e subscription b ook s w ere op en fo r the re ce ip t o f subscriptions from all classes o f subscribers from N o v e m b e r 20 th rou gh N o v e m b e r 24, 1961, and, in addition, subscriptions w ere re ce iv e d from individuals th rou gh N o v e m b e r 30, 1961. A final report o f exchanges b y F ed era l R eserve Districts w ill b e m a d e later this m onth. A lfred H ayes, President.
@FedFRASER