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CIRCULAR N O . 254

FEDERAL RESERVE BANK
OF NEW YORK
C E R T I F I C A T E O F INDEBTEDNESS
DEPARTMENT

February 7, 1920

REDEMPTION IN CASH

United States Treasury Certificates of Indebtedness
Series D 1920
Dated December 1, 1919

Due February 16, 1920

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

DEAR SIRS:

The Secretary of the Treasury has authorized the Federal Reserve Bank on and after
Saturday, February 7, 1920, and until further notice to redeem in cash before February 16, 1920,
at the holder's option, at par and accrued interest to the date of such optional redemption, Treasury certificates of indebtedness of Series D 1920, maturing February 16, 1920.
The Federal Reserve Bank of New York, as Fiscal Agent of the United States, is now prepared to receive such certificates for redemption as above described.




Yours very truly,
J. H. CASE,

Acting Governor.