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FEDERAL RESERVE BANK

OF NEW YORK
Fiscal Agent of the United States

r Circular No. 1 5 4 8 1
L May 25. 1935 J

SUBSCRIPTION BOOKS TO CLOSE MAY 29, 1935
On Offering of Home Owners' Loan Corporation l*/£ percent Bonds of Series F-1939

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

In accordance with instructions from the Treasury Department the subscription
books at this bank for the offering of Home Owners' Loan Corporation of the United
States of America IY2 percent bonds of Series F-1939, dated and bearing interest
from June 1, 1935, due June 1, 1939, offered only in exchange for Home Owners'
Loan Corporation 4 percent bonds of Series of 1933-51 called for redemption on July
1, 1935, will close at the close of business Wednesday, May 29, 1935. Any subscription placed in the mail before midnight Wednesday, May 29, 1935, as evidenced by
postoffice cancellation, will be considered a timely subscription.




GEORGE L. HARRISON,

Governor.