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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Circular No. 1923 March 6, 1939 SUBSCRIPTION BOOKS TO CLOSE MARCH 8, 1939 On Offering of Additional Amounts of Three Outstanding Treasury Issues in Exchange for Treasury Notes of Series A-1939, Maturing June 15, 1939 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 for the offering of additional amounts of United States of America 2% percent Treasury Bonds of 1960-65, at 102% and accrued interest from December 15, 1938, United States of America 2% percent Treasury Bonds of 1950-52, at and United States of America lVs percent Treasury Notes of Series B-1943, due December 15, 1943, at 101 and accrued interest from December 15, 1938, in payment of the face amount of which only United States of America Treasury Notes of Series A-1939, maturing June 15, 1939, may be tendered, will close at the close of business, Wednesday, March 8, 1939. Any subscription addressed to a Federal Reserve bank or branch and placed in the mail before midnight, Wednesday, March 8, 1939, as evidenced by post-office cancellation, will be considered a timely subscription. GEORGE L. HARRISON, President.