View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL RESERVE BANK OF DALLAS
FISCAL. A G E N T O F TH E UNITED ST AT E S

Dallas, Texas, March 31, 1952

To All Banking Institutions, and Others Concerned,
in the Eleventh Federal Reserve District:

At the request of the Treasury Department, there is quoted below a
notice of the Farm Credit Administration with respect to the maturity
of the Consolidated Federal Farm Loan 1% percent Bonds of 1950-52 on
May 1, 1952, and the plans of the Federal Land banks to provide funds for
the redemption of these maturing bonds through a public offering of con­
solidated bonds to be dated May 1, 1952:
“ Consolidated Federal Farm Loan 1 ^ percent Bonds of 1950-52
outstanding in the approximate amount of $200,000,000 will ma­
ture on May 1, 1952, and such bonds may be redeemed through the
Federal Reserve banks and branches or the Treasurer of the United
States, Washington, D. C. The Land Bank Commissioner has an­
nounced that funds for the redemption of the maturing bonds will
be provided by the 12 Federal Land banks through a public offer­
ing of consolidated Federal Farm Loan bonds for delivery May 1,
1952; that this will be a cash offering; that no preference will be
given to holders of the maturing bonds in making allotments of
the new bonds; and that further details of the offering will be
announced later.”
Yours very truly,
R. R. GILBERT
President

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

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