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FE D E RA L RESER VE BANK O F NEW YORK r C ir cu la r N o . 3 8 3 6 1 L M a rc h 31,1952 J R E D E M PTIO N N O TICE Consolidated Federal Farm Loan 1*4 Percent Bonds of 1950-52 Maturing May 1, 1952 To AU Banks and Trust Companies in the Second Federal Reserve District: Pursuant to the request o f the Farm Credit Adm inistration, transm itted to us b y the Treasury D epartm ent, we bring to you r attention the follow ing notice issued b y the Farm Credit Adm inistration: Consolidated Federal farm loan 134 percent bonds of 1950-52 outstanding in the approximate amount of $200,000,000 will mature 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 announced that funds for the redemption of the maturing bonds will be provided by the 12 Federal land banks through a public offering of consolidated Federal farm loan bonds for delivery M ay 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. Additional copies of this circular will be furnished upon request. A llan Sproul, President.
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