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FEDERAL RESERVE BANK OF DALLAS F IS C A L A 0 8 N T O F TH K U N IT E D ST A T E S Dallas, Texas, April 5,1957 To an Banking Institutions and Others Ck>ncemed in the Eleventh Federal Reserve District: The Farm Credit Administration has released for publication the fol lowing notice with respect to the maturity on May 1, 1957, of 3.30 percent Consolidated Federal Farm Loan bonds dated May 1, 1956, 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 offering of Con solidated Federal Farm Loan bonds for delivery May 1, 1957. “Consolidated Federal Farm Loan 3.30 percent bonds dated May 1,1956, of which there are $170 million outstanding, will mature on May 1, 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 deliv ery May 1, 1957. The new bonds will be offered for cash, no pref erence being given holders of the maturing issue. The offering will comprise $78 million 1-year 3% percent bonds and $125 million 5-year 4 percent bonds, both issues 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 organ ized dealer group, at prices to be announced on or about April 10.” 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)
@FedFRASER