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CIRCULAR N O . 238

FEDERAL RESERVE BANK
OF N E W YORK
CERTIFICATES OF INDEBTEDNESS
DEPARTMENT

December 19, 1919

CLOSING OF SUBSCRIPTION BOOKS
UNITED STATES TREASURY CERTIFICATES OF INDEBTEDNESS
Series T J 1920
Dated December 15, 1919

Due June 15, 1920

To ALL BANKS, TRUST COMPANIES, SAVINGS BANKS, BANKERS, INVESTMENT DEALERS AND
PRINCIPAL CORPORATIONS IN THE SECOND FEDERAL RESERVE DISTRICT,

DEAR SIRS:

Subscriptions to the formal offering of Treasury certificates of indebtedness, Series T J
1920, dated December 15, 1919, and payable June 15, 1920, were formally closed at the close
of business Friday. December 19, 1919, upon telegraphic advice from the Treasury Department.




Yours very truly,
BENT. STRONG,

Governor.