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FED ER AL RESERVE BANK O F NEW YORK Fiscal Agent of the United States No. 6122~1 tCircular February 1 5 ,1 9 6 8 j To All Banking Institutions, and Others Concerned, in the Second Federal Reserve District: The following statement was made public today by the Treasury Department: RESULTS OF TREASURY'S CASH OFFERING OF 5 -5 /8 % NOTES The Treasury today announced a 39 percent allotment on subscriptions in excess of $200,000 for the current cash offering of $4 billion, or thereabouts, of 5 -5 /8 percent Treasury Notes of Series B -1969 due May 15, 1969. As provided in the offering circular, subscriptions for $200,000 or less will be allotted in full. Subscriptions for more than $200,000 will be allotted not less than $200,000. The total amount of subscriptions accepted is about $4,250 million. * Reports received thus far from the Federal Reserve Banks show that subscriptions total $9,820 million, of which $8,550 million were received from commercial banks for their own account and $1,270 million from all others. Details by Federal Reserve District as to subscriptions and allotments will be announced next week. A lfred Hayes, President.
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