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F E D E R A L RESERVE BANK O F N E W YORK Certificates of Indebtedness Department [Circular No. '.] I November 23, 1921 Treasury Certificates Maturing December 15, 1921 Redeemable in Cash At Holder's Option on and after November 25, 1921 To all Banks, Trust Companies, Saving Banks, Bankers, Investment Dealers and Principal Corporations in the Second Federal Reserve District: The Secretary of the Treasury has authorized this bank on and after Friday, November 25, 1921, and until further notice, to redeem in cash before December 15,1921, at the holder's option, at par and accrued interest to the date of such optional redemption, Treasury certificates of indebtedness of Series TD—1921, dated December 15, 1920, maturing December 15, 1921. 421 Very truly yours, BENJ. STRONG, Governor