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FEDERAL RESERVE BANK OF DALLAS F IS C A L A G E N T O F T H E U N IT E D S T A T E S Dallas, Texas, January 8, 1960 To All Banking Institutions and Others Concerned in the Eleventh Federal Reserve District: At the request of the twelve Federal Land Banks, the following notice is given with respect to the maturity on February 1, 1960, of the consolidated Federal Farm Loan 2 lA percent bonds dated August 2, 1954, and the consolidated Federal Farm Loan 3 3A percent bonds dated February 2, 1959, and the plans of the Federal Land Banks to provide funds for the redemption of these maturing bonds: T w o issues of consolidated Federal farm loan bonds will mature on February 1, 1960: $124 million of 2 % percent bonds dated August 2, 1954, and $89 million of 3 3/4 percent bonds dated February 2, 1959. 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 consoli dated Federal farm loan bonds for delivery February 1, 1960. The new bonds will be offered for cash, no preference being given holders of the maturing issues. The offering will comprise $150 million bonds due December 20, 1960, and $82 million 5 Vs percent bonds due February 20, 1970, both issues to be dated February 1, 1960. 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. The bonds due December 20, 1960, will be offered at 100. The interest rate of this issue and the offering price of the 5 Vs percent bonds will be announced on or about January 13. FE D E R A L RESERVE BAN K 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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