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FEDERAL RESERVE BANK
OF N E W YORK

["Circular No. 6 2 6 9 " ]
U January 3, 1969 J

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

To All Banks and Trust Companies, and Others Concerned,
in the Second Federal Reserve 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:
An issue of $341 million consolidated Federal farm loan 4 % percent bonds dated May 22,
1967, will mature January 20, 1969. These bonds may be redeemed through the Federal
Reserve Banks and Branches or the Treasurer of the United States, Washington, D. C. 20220.
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 January 20, 1969. The new bonds will be offered for cash, no prefer­
ence being given holders o f the maturing issue. The offering will comprise $200 million of
bonds due July 15,1969, and $174 million of bonds due June 22, 1970, both issues to be dated
January 20, 1969.
The bonds will be offered by the Banks’ Fiscal Agency, at One Chase Manhattan Plaza,
New York, N. Y. 10005, through an organized dealer group. The interest rates and offering
prices of the issues will be announced on or about January 8 .

Additional copies of this circular will be furnished upon request.




A

lfred

H

ayes,

President.