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FEDERAL RESERVE BANK
OF NEW YORK
Fiscal A g e n t of the United States

TCircular No. 3 0 4 0
L December 15, 1945 J

VICTORY LOAN

Deliveries of 2l/2%

DRIVE

Treasury Bonds of 1967-72

To all Banking Institutions in the
Second Federal Reserve District:

The unprecedented number of subscriptions entered throughout the
country for 2 % % Treasury Bonds of 1967-72, offered during the Victory
Loan Drive, has exhausted the stocks of bearer bonds of this issue held
by the Federal Reserve Banks and the Treasury Department.

The

Bureau of Engraving and Printing is replenishing these stocks as
rapidly as possible, but f o r the time being it will be necessary f o r us to
defer delivery of bonds in respect of a relatively small number of subscriptions until our stock of bonds has been replenished.
In the event customers who have entered their subscriptions to
2 % % Treasury Bonds of 1967-72 through you should inquire regarding
delivery of their bonds, Ave should appreciate it if you would inform them
that delivery must be deferred because of circumstances beyond our
control but will be made promptly after our stock has been replenished.




ALLAN SPROUL,

President.

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