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FED E R AL R E S E R V E BANK O F N E W YORK Fiscal Agent of the United States r Circular No. S I T S ' ! April 11, 1962 J L Results of Treasury’s Current Cash Offering of Bonds To All Banking Institutions, and Others Concerned, in the Second Federal Reserve District: The following statement was made public today by the Treasury Department: The Treasury Department today announced a 15 percent allotment on subscriptions in excess of $50,000 for the current cash offering of $1 billion, or thereabouts, of 3% percent Treasury Bonds of 1968. Subscriptions for $50,000 or less will be allotted in full. Subscriptions for more than $50,000 will be allotted not less than $50,000. In addition to the amount allotted to the public, $100 million of these bonds were allotted to Government Investment Accounts. Reports received thus far from the Federal Reserve Banks show that sub scriptions for the bonds total about $6,834 million, of which about $1,002 million were received from subscribers in the savings-type investor groups, $4,377 million from commercial banks for their own account, and $1,455 million from all others. Details by Federal Reserve Districts as to subscriptions and allotments will be announced next week. A lfred H a y es, President.
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