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FEDERAL RESERVE BANK O F N E W YORK Fiscal Agent of the United States Circular No. 2036 March 7, 1940 SUBSCRIPTION BOOKS TO CLOSE MARCH 9, 1940 On Offering of United States of America % Percent Treasury Notes of Series A-1945 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, Saturday, March 9, 1940, on the current offering of United States of America % percent Treasury Notes of Series A-1945, dated and bearing interest from March 15, 1940, due March 15, 1945, in payment of which only Treasury Notes of Series B-1940, maturing June 15, 1940, may be tendered. Any subscription addressed to a Federal Reserve bank or branch and placed in the mail before midnight, Saturday, March 9, 1940, as evidenced by postoffice cancellation, will be considered a timely subscription. GEORGE L. HAEBISON, President.