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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.