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FEDERAL RESERVE BANK
OF NEW YORK

Certificates of Indebtedness
Department

|_

Circular N o . 380
j u n e 15 1921
J

Subscription Books Closed
T h r e e - Y e a r 5 ^ P e r C e n t . U n i t e d States T r e a s u r y N o t e s
O n e - Y e a r z>}4 P e r C e n t . U n i t e d S t a t e s T r e a s u r y Certificates
Dated and bearing interest from J u n e 15, 1921

To all Banks,
and Principal

Trust Companies, Savings Banks, Bankers, Investment
Corporations in the Second Federal Reserve District:

Dealers

The Secretary of the Treasury has announced t h a t the combined offering of threeyear 5% per cent. Treasury notes, dated June 15, 1921, due June 15, 1924, and one-year
5}/2 per cent. Treasury certificates, dated June 15, 1921, due June 15, 1922, closed at
the close of business on Wednesday, June 15, 1921, the date of issue.
Preliminary reports received by the Treasury Department from the twelve Federal
Reserve Banks indicate t h a t the offering of the two issues which was for $500,000,000,
or thereabouts, has been heavily oversubscribed.
No further subscriptions, therefore can be received.
Very truly yours,
B E N J . STRONG,
Governor.

TO THE INVESTOR:
If you desire to purchase certificates or notes 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.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102