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F E D E R A L R E S E R V E BANK
OF NEW YORK
Fiscal Agent of the United States

r Circular N o . 2 9 4 7"1
L
M a y 21, 1945
J

CLOSING OF SUBSCRIPTION BOOKS
ON EXCHANGE OFFERING OF
0.90 Percent Treasury Notes of Series D-1946
Dated June 1, 1945

Due July 1, 1946

To all Banking Institutions, and Others Concerned,
in the Second Federal Reserve District:

In accordance with instructions received today from the Secretary of the Treasury,
the subscription books for the current exchange offering of 0.90 percent Treasury
Notes of Series D-1946, open to the holders of % percent Treasury Certificates of
Indebtedness of Series C-1945, maturing June 1, 1945, and Home Owners' Loan Corporation 1 Vo percent Bonds of Series M-1945-47, called for redemption on June 1,
1945, will close at the close of business, Wednesday, May 23, 1945, except for the
receipt of subscriptions from holders of $100,000 or less of the maturing certificates
or called bonds. The subscription books will close for the receipt of subscriptions of
the latter class at the close of business, Saturday, May 26, 1945.
Subscriptions addressed to a Federal Reserve Bank or Branch and placed in the
mail before midnight of the respective closing days will be considered as having been
entered before the close of the subscription books.

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ALLAN

SPROUL,

President.

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