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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States rCircular No. 2 7 5 9 " 1 L J a n u a r y 25, 1944 J SUBSCRIPTION BOOKS TO CLOSE JANUARY 26, 1944 ON EXCHANGE OFFERING OF 0.90 Percent Treasury Notes of Series D-1945 Dated February 1, 1944 Due March 1, 1945 To all Banking Institutions, and Others Concerned, in the Second Federal Eeserve District : In accordance with instructions received today from the Secretary of the Treasury, the subscription books for the current exchange offering of 0.90 percent Treasury Notes of Series D-1945, open to the holders of Treasury Certificates of Indebtedness of Series A-1944, maturing February 1, 1944, will close at the close of business Wednesday, January 26, 1944. Subscriptions addressed to a Federal Reserve Bank or Branch and placed in the mail before 12 o 'clock midnight, Wednesday, January 26, 1944, will be considered as having been entered before the close of the subscription books. ALLAN - SPKOUL, President.