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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, December 2, 1960 To All Banking Institutions and Others Concerned in the Eleventh Federal Reserve District: A t the request of the tw elve Federal Land Banks, the following notice is given with respect to the maturity on December 20, 1960, of the consolidated Federal Farm Loan 5.40 percent bonds dated February 1, 1960, and the plans of the Federal Land Banks to provide funds for the redemption o f these maturing bonds: “Consolidated Federal farm loan 5.40 percent bonds dated February 1, 1960, o f which there are $150 million outstanding, w ill mature on December 20, 1960. These bonds m ay be redeemed through the Federal Reserve Banks and Branches or the Treasurer o f the United States, Washington, D. C. “Funds for the redemption o f the maturing bonds and for other requirements w ill be provided b y the Federal Land Banks through a public offering o f consoli dated Federal farm loan bonds for delivery Decem ber 20, 1960. T h e new bonds w ill be offered for cash, no preference being given holders o f the maturing issue. Th e offering w ill comprise $91 million 3 % percent bonds due February 20, 1962, and $90 million 4 percent bonds due October 20, 1964, both issues to be dated December 20, 1960. “Th e bonds w ill be offered by the banks’ Fiscal Agent, John T . Knox, 130 W illiam Street, N ew Y o rk 38, N . Y., through an organized dealer group, at prices to be announced on or about December 7.” FED ERAL RESERVE B A N K OF D ALLAS Fiscal Agent o f the United States This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
@FedFRASER