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FE D E R AL R E SE R V E BANK OF N E W YORK Fiscal Agent of the United States r Circular No. 5570*1 L November 5, 1964 J Results of Treasury’s Current Cash Offering of 4 % Notes To All Banking Institutions, and Others Concerned, in the Second Federal Reserve District: The follow in g statement was made public today by the Treasury D epa rtm en t: Reports received from the Federal Reserve Banks show that subscriptions total about $21,820 million for the offering of $91/i billion, or thereabouts, of 4 percent Treasury Notes of Series D-1966, due May 15, 1966. The total amount of subscriptions accepted is about $9,494 million. The Treasury will allot in full, as provided in the offering circular, about $6,595 million of subscriptions from States, political subdivisions or instrumen talities thereof, public pension and retirement and other public funds, interna tional 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 November 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 16.5 percent allotment, with a minimum allotment of $100,000 per subscription. Reports received thus far from the Federal Reserve Banks show that subscriptions subject to allotment total about $8,752 million from commercial banks for their own account and $6,473 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. t 9 T4 A lfred H ayes, P resident. 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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