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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States r Circular N o . 2 8 9 5 1 L January 22, 1945 J CLOSING OF SUBSCRIPTION BOOKS ON EXCHANGE OFFERING OF y 8 Percent Treasury Certificates of Indebtedness of Series A-1946 Dated February 1, 1945 Due February 1, 1946 To all Banking Institutions, and Others Concerned, in the Second Federal Reserve District : In accordance with instructions received today from the Secretary of the Treasury, the subscription books for the current exchange offering of % percent Treasury Certificates of Indebtedness of Series A-1946, open to the holders of 7/s percent Treasury Certificates of Indebtedness of Series A-1945, maturing February 1, 1945, and lVs percent Commodity Credit Corporation Notes of Series Gr, maturing February 15, 1945, will close at the close of business, Wednesday, January 24, 1945, except for the receipt of subscriptions from holders of $100,000 or less of the maturing certificates or notes. The subscription books will close for the receipt of subscriptions of the latter class at the close of business, Saturday, January 27, 1945. Subscriptions addressed to a Federal Reserve Bank or Branch and placed in the mail before midnight of the respective closing days will be considered as having been entered before the close of the subscription books. A L L A N SPROUL, President.