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FEDERAL RESERVE BANK OF N E W YORK Fiscal Agent of the United States r Circular N o . 2 9 7 8 1 L July 23, 1945 J CLOSING OF SUBSCRIPTION BOOKS ON EXCHANGE OFFERING OF % Percent Treasury Certificates of Indebtedness of Series F-1946 Dated August 1, 1945 Due August 1, 1946 To all Banking Institutions, and Others Concerned, in the Second Federal Reserve District: In accordance with instructions received today from the Treasury Department, the subscription books for the current exchange offering of % percent Treasury Certificates of Indebtedness of Series F-1946, open to the holders of Treasury Certificates of Indebtedness of Series E-1945, maturing August 1,1945, will close at the close of business, Wednesday, July 25, 1945, except for the receipt of subscriptions from holders of $100,000 or less of the maturing certificates. The subscription books will close for the receipt of subscriptions of the latter class at the close of business, Saturday, July 28,1945. 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. ALLAN SPROUL, President.