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FEDERAL RESERVE BANK

OF NEW YORK
Fiscal Agent of the United States
r Circular No. 23331
LDecember 13, 1941J

NOTICE OF GALL FOR REDEMPTION
FEDERAL FARM MORTGAGE CORPORATION
To all Banks and Trust Companies in the
Second Federal Reserve District and Others Concerned:

Following is a copy of a press statement containing the text of a public notice of call dated
December 15, 1941, sent to you at the request of the Treasury Department:
News Service
For release Monday a.m.,
United States Department of Agriculture
December 15, 1941
Federal Farm Mortgage Corporation
Washington, D. C.
The call for redemption of two issues of outstanding Federal Farm Mortgage Corporation
bonds was announced today by A. G. Black, Chairman of the Board of Directors of the Federal
Farm Mortgage Corporation. One of these is a 3 percent issue dated January 15, 1935, due
January 15, 1947, and redeemable on and after January 15, 1942. Bonds of this issue will
cease to bear interest on January 15, 1942. The other is a 2^4 percent issue dated March 1,
1935, due March 1, 1947, and redeemable on and after March 1, 1942. Bonds of this issue
will cease to bear interest on March 1, 1942. Approximately $236,000,000 and $103,000,000
respectively of bonds of these two issues are now outstanding.
It was also announced that the Secretary of the Treasury may make available to holders of
bonds of the above described issues interest bearing obligations of the United States, concerning which an announcement will be made shortly after January 1, 1942.
The text of the public notice of call follows:

"NOTICE OF CALL FOR REDEMPTION
FEDERAL FARM MORTGAGE CORPORATION
"To Holders of 3 percent and 2}i percent Federal Farm Mortgage Corporation Bonds
of 1942-47, and Others Concerned:
"Public notice is hereby given that the Federal Farm Mortgage Corporation has
called for redemption on January 15, 1942, all its outstanding 3 percent bonds of
1942-47. They will cease to bear interest on that date. Unless previously surrendered
these bonds will be payable at par upon presentation at any Federal reserve bank
or branch, or at the Treasury Department, "Washington, D. C , on and after January
15, 1942.
"Public notice is also hereby given that the Federal Farm Mortgage Corporation
has called for redemption on March 1, 1942, all its outstanding 2% percent bonds of
1942-47. They will cease to bear interest on that date. Unless previously surrendered
these bonds will be payable at par upon presentation at any Federal reserve bank or
branch, or at the Treasury Department, Washington, D. C, on and after March 1,1942.
"The presentation and surrender of bonds of these two issues will be governed by
the provisions of Treasury Department Circular No. 666, dated July 21, 1941.
" A n offering of interest bearing obligations of the United States may be made available to holders of bonds of these two issues, concerning which public announcement
will be made by the Secretary of the Treasury shortly after January 1, 1942.
"December 15, 1941.

"FEDERAL FARM MORTGAGE CORPORATION
"ATTEST:
D. C. Games
Secretary
1
' Approved:
Secretary of the Treasury'




By A. G. Black
President

ALLAN

SPEOUL,

President.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102