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FEDERAL RESERVE BANK OF N EW YORK Fiscal Agent of the United States C irc ul ar No . 6289 [ February 7, 1 9 6 9 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: PRELIMINARY RESULTS OF CURRENT EXCHANGE OFFERING Preliminary figures show that about $12,435 million, or 86.0% of the $14,466 million notes and bonds maturing February 15 have been exchanged for the two notes included in the current offering. Subscriptions total $8,717 million for the 6 -3 /8 % notes of Series C -1970 and $3,718 million for the 6 -1 /4 % notes of Series A -1 976, of which $2,613 million for the 6 -3 /8 % notes and $885 million for the 6 -1 /4 % notes were received from the public. Of the eligible securities held outside the Federal Reserve Banks and Government accounts $3,498 million, or 63.7% of an aggregate of $5,488 million were exchanged. Following is E LIG IB LE FOR S ecurities 5 -5 /8 % notes, A -1969 4% bonds, 1969 Total a breakdown of securities to be exchanged (amounts in millions): EXCHANGE Amount SECURITIES TO BE ISSUED UNEXCH ANG ED 6-3/8% N otes 6-1/4% N otes C-1970 A-1976 T otal Amount % $ 1 0 ,7 3 8 $6,7 1 3 $3,0 2 5 $ 9,738 $1,000 9 .3 3 ,728 2 ,0 0 4 693 2 ,697 1,031 27.7 $ 1 4,466 $8,717 $ 3 ,7 1 8 $ 12,435 $2,031 14.0 Details by Federal Reserve District as to subscriptions will be announced later. Alfred Hayes, President.
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