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FEDERAL RESERVE BANK O F 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, August 3, 1962

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 m aturity on August 20, 1962, of the consolidated Federal farm loan 4%
percent bonds dated August 25, 1959, and the plans of the Federal land banks to pro­
vide funds for the redem ption of these m aturing bonds:
An issue of $98 million consolidated Federal farm loan 4 Vs percent
bonds dated August 25, 1959, will m ature on August 20, 1962. These bonds
m ay be redeem ed through the Federal Reserve Banks and Branches or the
Treasurer of the U nited States, Washington, D. C.
Funds for the redem ption of the m aturing bonds and for other require­
m ents will be provided by the Federal land banks through a public offering of
consolidated Federal farm loan bonds for delivery August 20, 1962. The new
bonds will be offered for cash, no preference being given holders of the m atur­
ing issue. The offering will comprise $144 million of 3% percent bonds dated
August 20, 1962, due August 20, 1963.
The bonds will be offered by the banks’ Fiscal Agent, John T. Knox, One
Chase M anhattan Plaza, New York 5, New York, through an organized dealer
group, a t a price to be announced on or about August 7.
FED ERA L R ESERV E BANK OF DALLAS
Fiscal Agent of the U nited States

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)