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FEDERAL RESERVE BANK
OF NEW YORK

Government Bond
Department

f n f
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L December 9, 1926J

Subscription Books Closed
On December 15th Offering of 3% Per Cent Treasury Certificates

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 Treasury Department, the subscription
books for the current offering of $200,000,000, or thereabouts, of 3^4 per cent Treasury certificates of indebtedness, dated December 15, 1926, due September 15, 1927,
Series TS-1927, closed at the close of business today, Thursday, December 9, 1926.
No further cash or exchange subscriptions to this offering, therefore, can be
received by us.
Very truly yours,




BENJ. STBONG,

Governor.