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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, February 1, 1963

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 20, 1963, of the consolidated Federal farm loan 3 5/a
percent bonds dated June 20, 1961, and the plans of the Federal land banks to provide
funds for the redemption of these maturing bonds:
An issue of $115 million consolidated Federal farm loan 3 %

percent

bonds dated June 20, 1961, will mature on February 20, 1963. 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 require­
ments will be provided by the Federal land banks through a public offering of
consolidated Federal farm loan bonds for delivery February 20, 1963. The new
bonds will be offered for cash, no preference being given holders of the maturing
issue. The offering will comprise $148 million of 15-year 4 Vs percent bonds dated
February 20, 1963, callable at par after 10 years.
The bonds will be offered by the banks’ Fiscal Agent, John T. Knox, One
Chase Manhattan Plaza, New York 5, New York, through an organized dealer
group, at a price to be announced on or about February 7.

FE D E R A L R E SE R V E B A N 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)