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FED ERAL RE SE RV E BANK
OF N E W YORK
Fiscal Agent of the United States

r Circular N o. 5 5 3 1 "1
A ugust 5, 1964
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L

Results of Treasury’s Current Cash Offering of 3 % % Notes

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:
Reports received from the Federal Reserve Banks show that subscriptions
total about $14,818 million for the offering of $4.0 billion, or thereabouts, of
3% percent Treasury Notes of Series C-1966, due February 15, 1966. The total
amount of subscriptions accepted is about $4,032 million.
The Treasury will allot in full, as provided in the offering circular, about
$1,949 million of subscriptions from States, political subdivisions or instrumen­
talities thereof, public pension and retirement and other public funds, inter­
national organizations in which the United States holds membership, foreign
central banks and foreign States, Government Investment Accounts, and the
Federal Reserve Banks, where the subscriber made the required certification of
ownership of securities maturing on August 15, 1964.
On subscriptions received subject to allotment, the Treasury will allot in
full subscriptions up to $100,000 and other subscriptions will be subject to a
15 percent allotment with a minimum allotment of $100,000 per subscription.
Reports received thus far from the Federal Reserve Banks show that subscrip­
tions subject to allotment total about $7,546 million from commercial banks for
their own account and $5,323 million from all others.
Details by Federal Reserve Districts as to subscriptions and allotments will
be announced when final reports are received from the Federal Reserve Banks.


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A

lfred

H

ayes,

President.

FI FTI ETH

A N N I V E R S A R Y

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