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FEDERAL RESERVE BANK
OF NEW YORK
Fiscal Agent of the United States

Securities Department

TCircular No. 8531
Ljune

8,

Subscription Books Closed
On June 15th Offering of 4 Per Cent and 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 4 per cent Treasury
certificates of indebtedness, dated June 15, 1928, due December 15, 1928, Series
TD3-1928, and of $200,000,000, or thereabouts, of 3% per cent Treasury certificates
of indebtedness, dated June 15, 1928, due March 15,1929, Series TM2-1929, closed at
the close of business yesterday, June 7, 1928.
No further subscriptions to this offering, therefore, can be received by this bank.




Very truly yours,
BENJ. STRONG,

Governor.

1928 J