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Dallas, Texas, November 29, 1952

To All Banking Institutions, and Others Concerned,
in the Eleventh Federal Reserve District:

At the request of the Farm Credit Administration there is quoted below
a notice with respect to the m aturity of the Consolidated Federal Farm
Loan IY2 percent Bonds of 1951-58 on January 1, 1953, and the plans of
the Federal Land banks to provide funds for the redemption of these
maturing bonds through public offering of consolidated bonds to be
dated January 2, 1953:
“Consolidated Federal farm loan V/2 percent bonds of 1951-53
outstanding in the approximate amount of $186,000,000, will mature
on January 1, 1953, and such bonds may be redeemed through the
Federal Reserve banks and branches or the Treasurer of the United
States, Washington, D. C. The Land Bank Commissioner has
announced th at funds for the redemption of the maturing bonds will
be provided by the 12 Federal land banks through a public offering
of consolidated Federal farm loan bonds for delivery January 2,
1953; th a t this offering will be for cash; th at no preference will be
given to holders of the maturing bonds in making allotments of the
new bonds; and th at the offering will be made by the banks’ Fiscal
Agent, Macdonald G. Newcomb, 31 Nassau Street, New York 5, N. Y.,
who will announce the time and terms of the offering at a later date.”
Yours very truly,

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