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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States r Circular N o. 5 3 3 3 I M ay 3, 1963 Preliminary Results of Treasury’s Current Exchange Offering 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: Prelim inary figures show that about $8,945 million, or 94.2 percent, of Treasury certificates and notes maturing May 15, 1963, aggregating $9,495 million, were exchanged fo r the two new issues included in the current exchange offering. A bout $550 million, or 5.8 percent, of the three maturing issues remain fo r cash redemption. O f the m aturing securities held outside the Federal Reserve Banks and Government Accounts, 9.0 p er cent were not exchanged. Details o f the exchange are as follows (in m illions) : Eligible fo r exchange Securities 3Y4 % Certificates ................... 4 % Notes .................................. 31/ 4 % Notes .............................. T otal ..................................... Exchanged for Amounts 5 1 4 % Ctfs. due 5/15/64 3 % % Notes due 2/15/66 Total Unexchanged amount $5,285 1,183 3,027 $3,773 285 1,626 $1,407 627 1,227 $5,180 912 2,853 $105 271 174 $9,495 $5,684 $3,261 $8,945 $550 $3,327 2,357 $ 85 3,176 $3,412 5,533 $5,684 $3,261 $8,945 Subscribers Federal Reserve Banks and Govt. A c c o u n t s ............. A ll others .................................. T otal ..................................... Final figures regarding the exchange will be announced after final reports are received from the Federal Reserve Banks. A lfred H ayes, President.
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