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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.