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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