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F ederal Reserve Bank o f Dallas DALLAS, T E X A S 75222 Circular No. 6 9 "15 January IT, 19^9 To All Banks in the Eleventh Federal Reserve District The interest rate payable on certificates of interest issued "by the Commodity Credit Corporation to financial institu tions participating in the financing of crop price-support loans has "been increased from 6 .0 percent to 6 .6 2 5 percent yearly, effective January 15, 1 9 6 9 ^ as announced by the U. S. Department of Agriculture on January 10, 1 9 6 9 * A copy of the announcement is enclosed for your information. Yours very truly, P. E. Coldwell President Enclosure (l) This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) UNITED STATES DEPARTMENT OF AGRICULTURE Washington, Jan. 10, 1969 Interest Rate to be increased to 6.625 Percent on CCC Certificates of Interest: The interest rate payable on certificates of interest issued by the Commodity Credit Corporation to financial institutions participating in the financing of crop price-support loans will be 6.625 percent yearly, beginning January 15, 1969, the U. S. Department of Agriculture announced today. The present interest rate is 6.0 percent. The increased interest rate is in line with recent trends and is being made to encourage continued participation in financing the Commodity Credit Corporation loan program, USDA officials said. Financial institutions which have funds invested in price-support loans will earn interest on their investment at 5.875 percent yearly, from the date of investment through and including August 24, 1968, 5.375 percent yearly from August 25, 1968, through and including October 23, 1968, 5.625 percent yearly from October 24, 1968, through and including December 7, 1968, 6.0 percent yearly from December 8, 1968, through and including January 14, 1969, and 6.625 percent yearly thereafter until changed. To acquire certificates apply to: Director, Data Processing Center, Agri cultural Stabilization and Conservation Service, Post Office Box 205, Kansas City, Mo., 641410 Phone number 816/361-0860, Ext. 6521. telephone, telegram, or letter. Application may be made by Each application shall give the name, address and transit number of the applicant, and the amount of requested participation by certificate denominations.