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FEDERAL RESERVE BANK OF DALLAS
FISCAL. A G EN T O F TH E U N ITED STA TES

Dallas, Texas, April 11,1958

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

The following notice with respect to the maturity on May 1, 1958, of
2% percent Consolidated Federal Farm Loan bonds dated January 2, 1953,
and 3% percent Consolidated Federal Farm Loan bonds dated May 1, 1957,
and the plans of the Federal Land banks to provide funds for the redemption
of these maturing bonds and for other purposes through a public ottering of
Consolidated Federal Farm Loan bonds for delivery May 1, 1958, is being
released for publication at the request of the twelve Federal Land banks.
“Consolidated Federal Farm Loan 2% percent bonds dated Jan­
uary 2, 1953, of which there are $131 million outstanding, and Con­
solidated Federal Farm Loan 3% percent bonds dated May 1, 1957,
of which there are $78 million outstanding, will mature on May 1,
1958. These bonds may be redeemed through the Federal Reserve
Banks and Branches or the Treasurer of the United States, Wash­
ington, D.C.
“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
May 1, 1958. The new bonds will be offered for cash, no preference
being given holders of the maturing issue. The offering will comprise
$122 million 2<%percent bonds due May 1, 1963, and $108 million 3%
percent bonds due May 2,1966, both issues noncallable and both to be
dated May 1.
“The bonds will be offered by the banks’ Fiscal Agent, John T.
Knox, 130 William Street, New York 38, N.Y., through an organized
dealer group, at prices to be announced on or about April 16.”
FEDERAL RESERVE BANK OF DALLAS
Fiscal Agent of the United States

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)


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