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FED ERAL RE SE R V E BANK OF NEW YORK J" Circular No. 4 6 1 6 "1 L June 27. 19S8 J FEDERAL FARM LOAN BONDS — Redemption of July 15 Maturity — Offering of New Issue To A ll Banks and Trust Companies, and Others Concerned, in the Second Federal R eserve D istrict: At the request of the twelve Federal Land Banks, transmitted to us by the Treasury Department, we bring to your attention the following notice: C o n s o l id a t e d F ed eral F a rm L oan 4% p e rce n t b on d s d a ted J u ly th e re a re $ 1 2 3 m illio n o u ts ta n d in g , w ill m a tu re on J u ly 15, 1958. 15, 1957, o f w h ich T h ese b on d s m a y be r e d e e m e d t h r o u g h t h e F e d e r a l R e s e r v e B a n k s a n d B r a n c h e s o r th e T r e a s u r e r o f t h e U n it e d S ta te s, W a s h in g t o n , D . C. F u n d s f o r t h e r e d e m p t i o n o f th e m a t u r i n g b o n d s a n d f o r o t h e r r e q u ir e m e n t s w i l l b e p r o v id e d fa r m by th e F e d e r a l L a n d B a n k s th r o u g h a p u b lic o ffe r in g o f c o n s o lid a te d F e d e r a l lo a n b o n d s f o r d e liv e r y J u l y 1 5 , 1 9 5 8 . T h e n ew b o n d s w ill b e o ffe r e d f o r ca sh , n o p r e f e r e n c e b e i n g g i v e n h o ld e r s o f t h e m a t u r i n g is s u e . T h e o f f e r i n g w i l l c o m p r is e $ 1 6 4 m i l l i o n 1% p e r ce n t b o n d s to b e d a te d J u ly 15, 1958, a n d to m a tu re O cto b e r 20, 1959. T h e b o n d s w ill b e o ffe r e d b y th e B a n k s ’ F is c a l A g e n t , J o h n T. K nox, 130 W illia m S tr e e t, N e w Y o r k 38 , N . Y ., th r o u g h a n o r g a n iz e d d e a le r g r o u p , a t a p r ic e t o b e a n n o u n ce d o n o r a b o u t J u l y 1. Additional copies of this circular will be furnished upon request. A lfred H ayes, President.
@FedFRASER