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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.)

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