SUBSCRIBED TWENTYFOLD
U.S. TREASURY NOTE ISSUE LOWEST RATE EVER OFFERED / ___________ CONCERN OF GOVERNMENT ' ♦ . BANKS AVOIDING BUSINESS By Telegraph—Press Assn. —Copyright. Rec. 8.40 p.m. Washington, Dec. 12. The Treasury Department announces that the 350,000,000 dollars in 2| per cent, four year Treasury notes was over-sub-scribed nearly 20 times, while 250,000,000 a per cent, one-year certificates were over subscribed sixteen tunes. As both were the lowest rates on 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 was offered to the Government
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Taranaki Daily News, 13 December 1932, Page 7
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106SUBSCRIBED TWENTYFOLD Taranaki Daily News, 13 December 1932, Page 7
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