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FEDERAL RESERVE BANK OF N E W YORK Certificates of Indebtedness Department [~ Circular No. 328 ~| \_December 15, 1920 J Subscription Books Closed United States of America Treasury Certificates of Indebtedness Dated and bearing interest from December 15, 1920 Series T J 2 — 1 9 2 1 , 5% Per Cent. Due J u n e 15, 1921 Series T D — 1 9 2 1 , 6 P e r Cent. Due December 15, 1921 To all Banks, Trust Companies, Savings Banks, Bankers, Investment Dealers and Principal Corporations in the Second Federal Reserve District: Subscriptions to the combined offering of the two issues of 5% and 6 per cent. Treasury certificates of indebtedness known respectively as Series T J 2 — 1 9 2 1 and T D—1921 closed a t the close of business today, Wednesday, December 15,1920, the date of issue, according to an announcement by the Secretary of the Treasury. Preliminary reports received by the Treasury Department from the twelve Federal Reserve Banks indicate that the offering which was for $500,000,000, or thereabouts, has been largely oversubscribed. No further subscriptions, therefore, can be received. Very truly yours, J. H . CASE, Acting Governor