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FEDERAL RESERVE BANK OF DALLAS
FISCAL. A G EN T O F T H E U N ITE D ST A T E S

Dallas, Texas, June 21,1957

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

The following notice with respect to the maturity on July 15, 1957, of
3% percent Consolidated Federal Farm Loan bonds dated September 14,
1956, and the plans of the Federal Land banks to provide funds for the re­
demption of these maturing bonds and for other purposes through a public
offering of Consolidated Federal Farm Loan bonds for delivery July 15,
1957, is being released for publication at the request of the twelve Federal
Land banks.
“Consolidated Federal Farm Loan 3% percent bonds dated
September 14, 1956, of which there are $135 million outstanding,
will mature on July 15, 1957. These bonds may be redeemed
through the Federal Reserve banks and branches or the Treasurer
of the United States, Washington, 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 July 15, 1957. The new bonds will be offered for
cash, no preference being given holders of the maturing issue. The
offering will comprise $123 million 1-year 4% percent bonds and
$60 million noncallable 12-year 4% percent bonds, both issues to
be dated July 15.
“The bonds will be offered by the banks’ Fiscal Agent, John T.
Knox, 130 William Street, New York 38, N. Y., through an organ­
ized dealer group, at prices to be announced on or about June 27.”
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)