The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Circular No. 1938 May 8, 1939 SUBSCRIPTION BOOKS TO CLOSE MAY 10, 1939 On Offering of Home Owners' Loan Corporation % Percent Bonds of Series K-1940 and % Percent Bonds of Series L-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 will close at the close of business, Wednesday, May 10, 1939, on the offering of Home Owners' Loan Corporation % percent bonds of Series K-1940, due May 15, 1940, and % percent bonds of Series L-1941, due May 15, 1941, both series dated and bearing interest from May 15, 1939, in payment of which only Home Owners' Loan Corporation 1% percent bonds of Series F-1939, maturing June 1, 1939, may be tendered, in multiples of $100, of which 40 percent will be treated as a subscription for the bonds of Series K-1940 and 60 percent for the bonds of Series L-1941. Any subscription addressed to a Federal Reserve bank or branch and placed in the mail before midnight, Wednesday, May 10, 1939, as evidenced by post-office cancellation, will be considered a timely subscription. GEORGE L. HARRISON, President.
@FedFRASER