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FEDERAL RESERVE BANK
OF NEW YORK

Certificates of Indebtedness
Department

["Circular No. 5 8 2"|
|_December 12, 1923J

Subscription Books Closed
On 4 and 4V4 Per Cent Treasury Certificates
Dated December 15, 1923

To all Banks, Trust Companies, Savings Banks, Bankers, Investment Dealers.
Principal Corporations and Others Concerned in the Second Federal Reserve District:

According to an announcement by the Secretary of the Treasury, the subscription books for the current offering of $300,000,000, or thereabouts, of 4 and 4}^
per cent. Treasury certificates, dated December 15, 1923, Series TJ-1924 and TD1924, closed at the close of business today, Wednesday, December 12, 1923.
No further subscriptions to this offering, therefore, can be received by us.




Very truly yours,
BENJ. STRONG,
Governor.