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FEDERAL RESERVE BANK OF N E W YORK Certificates of Indebtedness Department ["Circular No. 296 |_August 16, 1920 Subscription Books Closed United States of America 6% Treasury Certificates of Indebtedness Series C 1 9 2 1 To all Banks, Trust Companies, Savings Banks, Bankers, Investment and Principal Corporations in the Second Federal Reserve District: Dealers The Secretary of the Treasury has announced that subscriptions to the offering of Treasury certificates of indebtedness, Series C 1921, dated and bearing interest at 6 per cent, from August 16, 1920, maturing on August 16, 1921, have been closed and that the offering has been oversubscribed. N o further subscriptions, therefore, can be received. Yours very truly, J. H. CASE, Acting Governor