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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Circular No. 2 0 0 9 December 12, 1939 SUBSCRIPTION BOOKS TO CLOSE DECEMBER 13, 1939 On Offering of 2% Percent Treasury Bonds of 1951-53 On Offering of 1 Percent Treasury Notes of Series C-1944 To all Banking Institutions and Others Concerned in the Second Federal Reserve District: In accordance with instructions received today from Secretary of the Treasury Morgenthau the subscription books will close at the close of business, Wednesday, December 13, 1939, on the public offerings of percent bonds of the United States, designated Treasury Bonds of 1951-53, dated and bearing interest from December 22, 1939, due December 15, 1953, and 1 percent notes of the United States, designated Treasury Notes of Series C-1944, dated and bearing interest from December 22,1939, due September 15,1944, in payment of both of which only Treasury Notes of Series A-1940, maturing March 15, 1940, may be tendered. Any subscription addressed to a Federal Reserve bank or branch and placed in the mail before midnight, Wednesday, December 13, 1939, as evidenced by postoffice cancellation, will be considered a timely subscription. GrEOBGE L . , President.