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FEDERAL RESERVE BANK OF NEW YORK Certificates of Indebtedness Department [ C i r c u l a r N o . 5 3 7J ~ | ] V l a r c h 1 4 , 1 9 2 3J Subscription Books Closed On Six Months 4)4 Per Cent, and One Year 4 ^ Per Cent. Treasury Certificates of Indebtedness Both dated March 15, 1923 To all Banks, Trust Companies, Savings Banks, Bankers, Investment Dealers, Principal Corporations and Others Concerned in the Second Federal Reserve District: Subscriptions to the combined offering of $400,000,000, or thereabouts, of Treasury certificates of indebtedness in two series, both dated March 15, 1923, one bearing 434 P e r cent, interest and maturing in six months, and the other bearing 4>£ per cent, interest and maturing in one year, closed at the close of business today, March 14, 1923. The offering was oversubscribed. No further applications for these certificates, therefore, can be received by us. Very truly yours BENJ. STRONG Governor
@FedFRASER