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F E D E R A L R E S E R V E BAN K O F NEW YORK Fiscal A gent of the U nited S tates C i r c u l a r N o . 6539 M ay 7 , 1 9 70 | To Al l Ranki ng Inst i t u t i o ns , and Ot he r s Concerned, in the S e c o n d F e d e r a l R e s e r v e Di s t r i c t : T h e following statement w a s m a d e public today b y the T r e a s u r y Department: PRELIMINARY Preliminary R E S U L T S O F T R E A S U R Y ’S C A S H O F F E R I N G O F 7 - 3 / 4 % N O T E S figures show that subscriptions f r o m the public total $3.6 billion for the offering of $3.5 billion, or thereabouts, of 7-3/4 percent T r e a s u r y 1 8 - m o n t h notes. All subscriptions will be allotted in full. A n additional $7.0 billion w a s allotted to Federal R e s e r v e B a n k s and G o v e r n m e n t accounts. Details by Federal R e s e r v e Districts as to s u b scriptions and allotments will be announced later this month. Preliminary results for the exchange offering of 7-3/4 percent T r e a s u r y Notes of Series A -1973 and 8 percent T r e a s u r y Notes of Series A - 1 9 7 7 will be a n n o u n c e d t o m o r r o w . Alfred Hayes, President.
@FedFRASER