The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States J* Circular No. 5 1 8 7 ~1 L May 4, 1962 J Preliminary Results of Treasury’s Current Exchange Offering To All Banking Institutions, and Others Concerned, in the Second Federal Reserve District: The following statement was made public today by the Treasury Department: Treasury officials indicated today their satisfaction with the results of the exchange offering com pleted on Wednesday, May 2. Initial figures show that about $10,850 million, or 92.9 percent, of Treasury securities maturing May 15 and June 15, 1962, aggregating $11,683 million, have been exchanged for the three new issues included in the current exchange offering. Thus far about $833 million, or 7.1 percent, of the three maturing issues have not been exchanged and may be redeemed for cash. Of the maturing securities held outside the Federal Reserve Banks and Government accounts, 8.8 percent have not been exchanged. The unexchanged part of the May 15 maturities amounts to 5.0 percent of the public holdings. The unexchanged part of the June 15 maturity amounts to 15.1 percent of those publicly held. A breakdown of the subscriptions is as follows (in millions) : Exchanged for Maturing issues May 15— 3 % certificates May 15— 4% n o te s ........ June 15— 21/4 °/o bonds .. T otal ............................... Feb. 1 5 ,1 9 6 6 3 % % notes Nov. 1 5 ,1 9 7 1 3 % % bonds Total exchanged $3,820 896 1,824 $1,136 820 1,155 $ 472 280 447 $ 5,428 1,996 3,426 $ 5,509 2,211 3,963 $6,540 $3,111 $1,199 $10,850 $11,683 $2,166 4,374 $ 14 3,097 $ 64 1,135 $ 2,244 8,606 $6,540 $3,111 $1,199 $10,850 May 1 5 , 196S certificates Total outstanding Subscribers Federal Reserve Banks and Govt, accounts . . . A ll others ...................... T otal ............................... Final figures regarding the exchange will be announced after final reports are received from th Federal Reserve Banks. A lfred H a yes, President.
@FedFRASER