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FEDERAL RESERVE BANK
OF NEW YORK
f Circular N o. 5 4 7 9 ~\
L
April 6, 1964
J

FEDERAL FARM LOAN BONDS
— Redemption of April 20 Maturity
— Offering of New Bonds

To All Banks and Trust Companies, and Others Concerned,
in the Second Federal Reserve District:

A t the request of the twelve Federal Land Banks, transmitted to us by the
Treasury Department, we bring to your attention the following notice:
An issue of $147 million consolidated Federal farm loan 4^/2 percent bonds dated April
20, 1960, will mature on A pril 20, 1964. These bonds may be redeemed through the Federal
Reserve Banks and Branches or the Treasurer of the United States, Washington, D. C.
Funds for the redemption of the maturing bonds and for other requirements will be
provided by the Federal land banks through a public offering of consolidated Federal farm
loan bonds for delivery A pril 20, 1964. The new bonds will be offered for cash, no preference
being given holders of the maturing issue. The offering will comprise $209 million of 4 % per­
cent bonds dated A pril 20, 1964, due April 20, 1965.
The bonds will be offered by the banks’ Fiscal Agent, John T. Knox, One Chase Man­
hattan Plaza, New York, New York 10005, through an organized dealer group, at a price
to be announced on or about A pril 9.
Additional copies of this circular will be furnished upon request.

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A

lfred

H

ayes,

President.

FIFTIETH

ANNIVERSARY

19 6 4