Full text of Federal Reserve Bank of New York Circulars : 5291. Distribution of 4 Percent Treasury Bonds of 1988-93 Sold at Competitive Bidding on January 8, 1963

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FEDERAL RESERVE BANK
OF NEW YORK
Fiscal Agent of the United States

r Circular No. 5 2 9 1 T
L January 29, 1963 J

Distribution of 4 Percent Treasury Bonds of 1988-93
Sold at Competitive Bidding on January 8, 1963

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

The following statement was made public today by the Treasury Department:
The Treasury Department today announced the initial distribution, by investor classes, o f the
$250 million of 4 percent Treasury Bonds o f 1988-93 that were sold at competitive bidding on January
8, 1963. The successful bidder was a syndicate headed b y : C. J. Devine and Company, Salomon Bros,
and Hutzler, Bankers Trust Company, The Chase Manhattan Bank, F irst National City Bank,
Chemical Bank New Y ork Trust Company, and the First National Bank o f Chicago, and 68 others.
The distribution is as follow s:

Investor class

Percent of
total amount
o f bonds*

purchasers

52

21%

109

47
47
39
17

19
19
16
7

77
159
124
44

10
9

4
3

105
27

7

3

22

5
17

2
7

16
48

100%

731

Amount
( millions o f dollars)

Insurance companies ..................................
State and local pension
and retirement f u n d s ..............................
Commercial banks .......................................
Dealers and b r o k e r s ....................................
Mutual savings b a n k s ..................................
Individuals, partnerships,
and personal trust a c c o u n ts .................
Corporate pension f u n d s ............................
State and local government funds
other than pension and retirement . ..
Corporations other than banks
and insurance companies .....................
A ll o t h e r ..........................................................
T o t a l ......................................................

250

Number

of

* Details do not add to totals because o f rounding.




A lfr e d

H ayes,

President.