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HOME OWNERS’ LOAN CORPORATION 1 y2 PERCENT BONDS, SERIES M NOTICE OF CALL FOR REDEMPTION BEFORE MATURITY To Holders of Home Owners’ Loan Corporation IV2 Percent Bonds, Series M, and Others Concerned: Public notice is hereby given that all outstanding Home Owners’ Loan Corporation IV2 percent bonds of Series M, 1945-47, dated June 1,1939, are hereby called for redemption on June 1,1945, and will cease to bear interest on that date. An offering of interest-bearing obligations of the United States will be made available to holders of the bonds now called for redemption, con cerning which public announcement will be made by the Secretary of the Treasury. Full information regarding the presentation and surrender of such Home Owners’ Loan Corporation 11 4 percent bonds of Series M for redemp tion on June 1, 1945, is contained in United States Treasury Department Circular No. 666 relating to payment or redemption of securities. HOME OWNERS’ LOAN CORPORATION JOHN H. FAHEY Federal Home Loan Bank Commissioner Washington, D. C. March 23,1945 Approved: HENRY MORGENTHAU, JR. Secretary of the Treasury This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) FEDERAL HOME LOAN BANK ADMINISTRATION PRESS STATEMENT Washington, D. C. March 81,1945 A call for the payment on June 1, 1945, of Home Owners’ Loan Cor poration Series M V/% % bonds, which mature June 1, 1947, was announced today by John H. Fahey, Federal Home Loan Bank Commissioner. This issue of bonds now amounts to $754,904,000. “A high level of principal repayments on HOLC loan accounts has enabled bond retirements of the Corporation averaging $28,000,000 monthly since the beginning of the current fiscal year,” Mr. Fahey said. “After June 1, the outstanding Home Owners’ Loan Corporation bonds will amount to about $1,033,000,000, representing a reduction of more than $2,456,000,000, or 70 percent, from the total of bonds issued by HOLC since its inception.” (The official text of the HOLC notice to holders of the Series M bonds is reproduced on the reverse side hereof.)