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FEDERAL RESERVE BANK OF NEW YORK Certificates of Indebtedness Department |_ Circular N o . 352 M a r c h 15, 1921 J Subscription Books Closed U n i t e d S t a t e s of A m e r i c a T r e a s u r y Certificates of I n d e b t e d n e s s Dated and bearing Interest from March 15, 1921 Series TS 2—1921, 5 ^ P e r cent. Due September 15, 1921 Series TM—1922, 5 % Per cent. Due March 15, 1922 To all Banks, and Principal Trust Companies, Savings Banks, Bankers, Investment Corporations in the Second Federal Reserve District: Dealers Subscriptions to the combined offering of the two issues of 5% and 5 ^ per cent. Treasury certificates of indebtedness known respectively as Series TS 2—1921, and T M — 1922, closed at the close of business today, March 15, 1921, the date of issue, according to an announcement by the Secretary of the Treasury. No further subscriptions, therefore, can be received. Very truly yours, BENJ. STRONG, Governor TO THE INVESTOR: If you desire to purchase certificates of the above issues after the closing of the subscriptions, or certificates of any outstanding issue, you should make application to your own bank, or if it can not obtain them for you, to the Federal Reserve Bank of New York.