VAST SUM OFFERED
U.S. Note Issue. Heavily Over-subscribed
CONCERN AT TREASURY (By Telegraph.—Press Assn. —Copyright.) (Received Dec. 12, 9.40 p.m.) Washington, Dec. 12. The Treasury Department announces that 350 million dollars’ worth of 2J per cent, four-year Treasury notes has been over-subscribed nearly twenty times, while 250 million dollars’ worth of 3j per cent, one-year certificates has been over-subscribed sixteen times. As both are at the lowest rates of interest ever offered for such loans, the department expressed concern at the vast amount of funds which the banks are apparently reluctant to advance through ordinary credit channels for business, whereas over ten billion dollars is offered to the Government.
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Bibliographic details
Dominion, Volume 26, Issue 68, 13 December 1932, Page 9
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109VAST SUM OFFERED Dominion, Volume 26, Issue 68, 13 December 1932, Page 9
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