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FEDERAL RESERVE BANK OF N E W YORK Fiscal Agent of the United States f Circular N o. 5 4 5 8 "I L February 7, 1964 J Preliminary Results of Treasury’s Current Exchange Offering To A ll Banking Institutions, and Others Concerned, in the Second Federal R eserve D istrict: The following statement was made public today by the Treasury Department: Preliminary figures show that about $7,989 million, or 95.4 percent, of Treasury certificates of indebtedness and bonds maturing February 15, 1964, aggregating $8,375 million, were exchanged for the two new issues included in the current exchange offering. About $386 million, or 4.6 percent, of the two maturing issues remain for cash redemption. Of the maturing securities held outside the Federal Reserve Banks and Government Accounts, 8.4 percent were not exchanged. Details of the exchange are as follows ( in millions) E ligible fo r exchange Exchanged fo r A m ount 3 % % N otes due 8/13/65 4°/0 N otes due 8/15/66 Total Unexchanged amount 31/ 4% Certificates .......... $6,741 $5,529 $1,073 $6,602 $139 3% B o n d s ........................ 1,634 666 721 1,387 247 T o t a l ................................ $8,375 $6,195 $1,794 $7,989 $386 Federal Reserve Banks and Govt. Accounts . .. $4,014 $ — $4,014 A ll others ........................ 2,181 1,794 3,975 T o t a l ........................ $6,195 $1,794 $7,989 Security Subscribers Final figures regarding the exchange will be announced after final reports are received from the Federal Reserve Banks. 19 14 A lfred H ayes, President. F I F T I E T H A N N I V E R S A R Y 19 6 4
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