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FEDERAL RESERVE BANK
OF NEW YORK
Fiscal Agent of the United States

r Circular No. 1416 "1
L September 12, 1934 J

Subscription Books to Close September 13, 1934
On Offering of United States of America Treasury Notes, iy2 per cent, Series D-1936

To all Banks and Trust Companies in the Second
Federal Reserve District and Others Concerned:

In accordance with instructions from the Treasury Department the
subscription books for the offering of United States of America
Treasury notes, V/2 per cent, Series D-1936, due September 15, 1936,
dated and bearing interest from September 15, 1934, offered only in
exchange for Treasury certificates of indebtedness of Series TS-1934,
will close at the close of business Thursday, September 13, 1934.
Exchange subscriptions for Treasury notes of Series D-1936
actually mailed before midnight, Thursday, September 13, 1934, as
shown by post office cancellation, will be considered as having been
entered before the close of the subscription books.
The subscription books will remain open until further notice
for the receipt of subscriptions for 2% per cent Treasury notes of
Series D-1938 and 3 ^ per cent Treasury bonds of 1944-46, offered
only in exchange for Fourth Liberty Loan bonds called for redemption
on October 15, 1934.




GEORGE L. HARRISON,

Governor.