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FEDERAL RESERVE BANK
OF NEW YORK

Certificates of Indebtedness
Department

FCircular N o . 59 51
(.March 1 1 , 1 9 2 4j

Subscription Books Closed
On 4 Per Cent. One Year Treasury Certificates
Dated March 15, 1924

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 $400,000,000, or thereabouts, of 4 per cent.
Treasury certificates, dated March 15, 1924, due March 15, 1925, Series TM-1925,
closed at the close of business today, Tuesday, March 11, 1924.
No further subscriptions to this offering, therefore, can be received by us.




Very truly yours,
BENJ. STRONG,
Governor.