The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
O F F E R IN G N O T IC E ( S e e p a r a g r a p h I b e lo w ) $ 295 ,000,000 Federal Home Loan Banks Consolidated Notes N o n -C a lla b le Consisting of $150,000,000 ( o r th e r e a b o u ts ) 3% Series G-1956 D a te o f Is s u e N o v e m b e r 15, 1 9 5 5 M a tu r ity J u n e I S , 1 9 5 6 and $145,000,000 ( o r th e r e a b o u ts ) 3Y8% Series H-1956 D a te o f Is s u e N o v e m b e r 15, 1 9 5 5 M a tu r ity S e p te m b e r 1 7 , 1 9 5 6 These Notes are the Joint and Several Obligations of the Federal Home Loan Banks Issu ed in d e n o m in a tio n s of $ 5 ,0 0 0 , $ 1 0 ,0 0 0 , $ 5 0 ,0 0 0 , $ 1 0 0 ,0 0 0 , a n d $ 1 ,0 0 0 ,0 0 0 . In te re s t p a y a b le a t m a tu rity . I. O F F E R IN G O F C O N S O L ID A T E D N O T E S T h e F iscal A g e n t o f th e F e d e ra l H o m e L o a n B anks, p u rsu a n t to th e a u th o rity of su b sectio n (c ) o f S ectio n 1 1 o f th e F e d e ra l H o m e L o an B an k A ct, as a m e n d e d , offers th e a b o v e series o f co n so li d a te d n o te s fo r su b sc rip tio n th ro u g h th e esta b lish e d selling g ro u p . T h is is a n a tio n -w id e g ro u p o f re s p o n sib le a n d re c o g n iz e d d e a le rs in in v e stm e n t securities, th e m e m b e rs o f w hich are re a d ily accessible d irectly o r th ro u g h b a n k in g in stitu tio n s. T h e o ffering prices will b e a n n o u n c e d b y te le g ra m to th e m e m b e rs of th e selling g ro u p . S u b sc rip tio n s w ill b e a c c e p te d fro m m e m b e rs o f th e selling g ro u p only, a t th e office o f th e u n d e r sig n ed o n W e d n e sd a y , N o v e m b e r 2, 1955, su b je c t to th e p ro v isio n s o f p a ra g ra p h III below . II. P U R P O S E O F T H E O F F E R IN G T h e p u rp o s e o f th is o ffering is to re fu n d S eries E -1 9 5 5 1 .9 0 % C o n so lid a te d N o tes to ta lin g $ 6 0 ,0 0 0 ,0 0 0 , m a tu rin g N o v e m b e r 15, 1955, a n d to p ro v id e fu n d s to e n a b le th e B an k s to assist th e ir m e m b e r in stitu tio n s in m e e tin g o u tsta n d in g co m m itm en ts. III. S U B S C R IP T IO N S A N D A L L O T M E N T S S u b sc rip tio n s w ill b e a c c e p te d o n ly fro m re c ip ie n ts o f th e offerin g te le g ra m a t th e office o f th e u n d e rsig n e d , w h o re se rv e s th e rig h t to clo se th e b o o k s as to a n y o r a ll su b scrip tio n s o r classes o f su b sc rip tio n s a t a n y tim e w ith o u t n o tice. T h e rig h t is re s e rv e d to th e u n d e rsig n e d to re je c t a n y su b scrip tio n , in w h o le o r in p a rt, to a llo t less th a n th e a m o u n t o f n o te s a p p lie d for, to m a k e a llo tm e n ts in full u p o n a p p lic a tio n s fo r sm a lle r a m o u n ts, to m a k e re d u c e d a llo tm e n ts u p o n , o r to reje c t, a p p lic a tio n s fo r larg er a m o u n ts, a n d to m a k e d iffe re n t p e rc e n ta g e a llo tm e n ts to m e m b e rs o f th e e sta b lish e d selling g ro u p , a n d his a c tio n in an y o r all o f th e se re sp e c ts sh all b e final. T h e F iscal A g e n t re se rv e s th e rig h t to v a ry th e a m o u n t o f e a c h issue to th e e x te n t o f 10 % of th e to ta l offering, b u t in n o e v e n t w ill th e a g g re g a te a m o u n t o f $ 2 9 5 ,0 0 0 ,0 0 0 b e a lte re d . S u b sc rip tio n s m u st b e e n te re d b y w ire o r te le p h o n e a n d su b seq u en tly co n firm e d b y le tte r to th e office o f th e u n d e rsig n e d . N o su b sc rip tio n s w ill b e re c e iv e d p rio r to W e d n e sd a y , N o v e m b e r 2, 1955. A llo tm e n t n o tic e s w ill b e se n t o u t p ro m p tly u p o n allo tm e n t. IV . C O N C E S S IO N S T O D E A L E R S C o n cessio n s o f $ 0 .7 5 p e r $ 1 ,0 0 0 p a r v alu e o f S eries G -1 9 5 6 n o tes, a n d $ 1 .0 0 p e r $ 1 ,0 0 0 p a r v a lu e o f S eries H -1 9 5 6 n o te s a llo tte d w ill b e allo w ed . V. D E L IV E R Y A N D P A Y M E N T D e liv e ry o f th e n o te s a llo tte d w ill b e m a d e on N o v e m b e r 15, 1955 a t th e F e d e ra l R e se rv e B an k o f N ew Y o rk . Subscribers upon receipt of notice of allotments are requested to advise immediately the denominations desired and the name of the New York City bank or firm authorized to take delivery. On November 15, 1955 payment for notes allotted must be made in Federal Reserve Funds at the Federal Reserve Bank of New York. E V E R E T T S M IT H P h o n e : D Ig b y 4 -8 6 8 0 O c to b e r 31, 1955. Fiscal Agent 25 Broadway New York 4, N. Y. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
@FedFRASER