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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 instituĀ­
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, AgriĀ­

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.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102