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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States -Circular No. 1 6 4 7 1 March 2.1936 J Cash Subscription Books Closed On Offering of United States of America 2% Percent Treasury Bonds of 1948-51 On Offering of United States of America 1 ^ Percent Treasury Notes of Series A-1941 To all Banks and Others Concerned in the Second Federal Reserve District: In accordance with instructions received today from the Treasury Department the subscription books for the offering of United States of America 2% percent Treasury Bonds of 1948-51, dated and bearing interest from March 16, 1936, due March 15, 1951, and the subscription books for the offering of United States of America I1/? percent Treasury Notes of Series A-1941, dated and bearing interest from March 16, 1936, due March 15, 1941, were closed at the close of business today, Monday, March 2, 1936, for the receipt of cash subscriptions. Any cash subscription placed in the mail before midnight, Monday, March 2,1936, as evidenced by postomce cancellation, will be considered a timely subscription. The books will remain open until further notice for the receipt of exchange subscriptions for each of these offerings in payment of which Treasury Notes of Series C-1936, maturing April 15, 1936, may be tendered. GEORGE L. HARRISON, President.