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TABLE 3.--New securities offered for cash sale in the United States -Continued

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TABLE 3.-New securities offered for cash sale in the United States 1-Continued

PART 4.-PRIVATE PLACEMENT OF CORPORATE SECURITIES

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1 The data in these tables cover substantially all new issues of securities offered for cash sale in the United States in amounts over $100,000 and with terms to maturity of more than 1 year. Included in the compilation are issues privately placed as well as issues publicly offered and unregistered issues as well as those registered under the Securities Act of 1933. The figures on publicly offered issues include a small amount of unsold securities, chiefly nonunderwritten issues of small companies. The figures on privately placed issues include securities actually issued but exclude securities which institutions have contracted to purchase but which had not been taken down during the period covered by the statistics. Also excluded are: intercorporate transactions; U.S. Government "Special Series" issues and other sales directly to Federal agencies and trust accounts; notes issued exclusively to commercial banks; issues of investment companies; and issues to be sold over an extended period such as offerings under employee-purchase plans. The chief sources of data are the financial press and documents filed with the Commission. Data for offerings of State and municipal securities are from the Bond Buyer; these represent principal

amounts instead of gross proceeds. All figures are subject to revision as new data are
received. For data for the years 1934-57, see 25th Annual Report.

2 Gross proceeds are derived by multiplying principal amounts or numbers of
units by offering prices except for State and municipal issues where principal amount
is used. Slight discrepancies between the sum of figures in the tables and the totals
shown are due to rounding.

Issues sold by competitive bidding directly to ultimate investors are classified as
publicly offered issues.

4 Issues in this group include those between $100,000 and $300,000 in size which are
exempt under Regulation A of the Securities Act of 1933.

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The bulk of the securities included in this category are exempt from registration under section 4(1) of the Securities Act of 1933.

? Excluding issues of investment companies.

Excluding issues sold by competitive bidding directly to ultimate investors.

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TABLE 4.-Proposed uses of net proceeds from the sale of new corporate securities offered for cash in the United States

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TABLE 4.—Proposed uses of net proceeds from the sale of new corporate securities offered for cash in the United States-Continued

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