Full text of Federal Reserve Bank of New York Circulars : 5230. Supplemental Report of Subscriptions for Treasury's Latest Advance Refunding

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F E D E R A L R E S E R V E BANK
O F NEW YO R K
Fiscal Agent of the United States

f Circular No. 5 2 3 O ']
L September 26, 1962 J

Supplemental Report of Subscriptions
For Treasury's Latest Advance Refunding

To All Banking Institutions, and Others Concerned,
in the Second Federal Reserve D istrict:

T h e f o l l o w i n g s t a t e m e n t w a s m a d e p u b lic t o d a y b y th e T r e a s u r y D e p a r t m e n t :

The Treasury Department today announced a breakdown of the securities exchanged for the 3% per­
cent Treasury Notes of Series A-1967, due August 15, 1967, and the 4 percent Treasury Bonds of 1972, due
August 15, 1972, offered in the Department’s latest refunding offer, together with total amounts eligible far
exchange and remaining outstanding as of the close of business, Monday, September 24, 1962. This informa­
tion (in millions of dollars) is as follows:
Securities and amounts
eligible for exchange
Issues

Exchanged for

Amounts

S % % Notes,
Series A-1967

4% Bonds o f 1972

Total

Amount remaining
outstanding

$ 6,861.6
2,839.4
3,642.5

$ 779.6
1,072.4
993.2

$ 375.2
260.8
404.3

$1,154.8
1,333.2
1,397.5

$ 5,706.8
1,506.2
2,245.0

$13,343.5

$2,845.2

$1,040.3

$3,885.5

$ 9,458.0

$ 6,685.7
5,047.5
1,743.0

$ 957.0
1,304.9
173.9

$ 448.7
720.0
370.3

$1,405.7
2,024.9
544.2

$ 5,280.0
3,022.6
1,198.8

$13,476.2
$26,819.7

$2,435.8
$5,281.0

$1,539.0
$2,579.3

$3,974.8
$7,860.3

$ 9,501.4
$18,959.4

Feb. 15, 1963 maturities
3V2 % Certificates . . .
2% % N o te s.............
31/4% N o te s .............
T otals

......................

May 15, 1963 maturities
314% Certificates . . .
31/4% N o te s..............
4% N o te s.................
T otals

......................

G r a n d T o t a l s ____

This total of subscriptions, $7,860.3 million, includes $7,519.2 million of securities held by the public.
Of the $7,519.2 million of publicly held securities exchanged, $3,833.5 million (40.8 percent of those eligible
for exchange) consisted of February 15, 1963 maturities, and $3,685.7 million (37.6 percent of those eligible
for exchange) consisted of May 15, 1963 maturities.




A lfred

H ayes,

President.