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FEDERAL RESERVE BANK
OF NEW YORK
Fiscal Agent of the United States

Circular No.
1889
October 24, 1938

SUBSCRIPTION BOOKS TO CLOSE OCTOBER 25, 1938
On Subscriptions for Reconstruction Finance Corporation
% Percent Notes of Series P, Due November 1, 1941

To all Banking Institutions and Others Concerned
in the Second Federal Reserve District:

In accordance with instructions received today from Secretary of the Treasury
Morgenthau the subscription books on subscriptions for Reconstruction Finance Corporation 7/s percent notes of Series P, dated and bearing interest from November 1,
1938, due November 1, 1941, will close at the close of business, Tuesday, October 25,
1938, at which time also the offer to purchase Series K notes of the corporation will
terminate.
Any subscription for the notes addressed to a Federal Reserve bank or branch and
placed in the mail before midnight, Tuesday, October 25, 1938, as evidenced by postoffice cancellation will be considered a timely subscription.




GEORGE L. HARRISON,

President.

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