View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL RESERVE BANK
OF N E W YORK
Fiscal Agent of the United States

r Circular No. 5 B 3 9 1
L February 1, 1967 J

TREASURY’ S CURRENT CASH OFFERING
Amounts of Subscriptions and Bases of Allotments

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 from the Federal Reserve Banks show that subscriptions total about $19,916 million
fo r the offering o f $5,500 million, or thereabouts, o f 4 % percent Treasury Notes o f Series B-1968,
due M ay 15, 1968, and $22,126 million fo r the offering o f $2,000 million, or thereabouts, o f 4%
percent Treasury Notes o f Series A-1972, due February 15, 1972. Subscriptions accepted amount
to about $5,586 million fo r the notes o f Series B-1968 and $1,991 million fo r the notes o f Series
A-1972.
The Treasury will allot in full, as provided in the offering circular, subscriptions o f $3,674
million fo r the notes o f Series B-1968 and $233 million fo r the notes o f Series A-1972 from States,
political subdivisions or instrumentalities thereof, public pension and retirement and other public
funds, international organizations in which the United States holds membership, foreign central
banks and foreign States, Government Investment Accounts, and the Federal Reserve Banks,
where the required certification o f ownership o f notes m aturing February 15, 1967 was made.
On subscriptions fo r the notes o f Series B-1968 received subject to allotment, the Treasury
will allot in fu ll those up to $100,000, and other subscriptions will be subject to a 10 percent
allotment, with a minimum allotment o f $100,000 per subscription. These subscriptions total
$9,867 million from commercial banks fo r their own account and $6,375 million from all others.
On subscriptions for the notes o f Series A-1972 received subject to allotment, the Treasury
will allot in fu ll those up to $50,000, and other subscriptions will be subject to a 7 percent
allotment, with a minimum allotment o f $50,000 per subscription. These subscriptions total
$10,011 m illion from commercial banks fo r their own account and $11,882 million from all others.
Details by Federal Reserve District as to subscriptions and allotments will be announced
later this month.




A

lfred

H

ayes,

President.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102