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FED ERAL RE SE R V E BANK O F NEW YORK r C ircular N o. 4 3 6 4 ~[ L A u g u st 24, 1956 J FED ER A L FARM LOAN BONDS —R edem ption of Septem ber 14 M aturity —Offering of Two New Issues To A ll Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve D istrict: A t the request of the F arm Credit A dm inistration, transm itted to us by the T reasury D epartm ent, we bring to your attention the following notice issued by the F arm Credit A dm inistration: Consolidated F ederal farm loan 2% percent bonds dated October 3, 1955, of which there are $130 m illion outstanding, will m ature on Septem ber 14, 1956. These bonds may be redeemed through the F ed eral Reserve Banks and B ranches or the T reasurer of the U nited States, W ashington, D. C. F u n d s for the redem ption of the m aturing bonds and fo r other requirem ents will be provided by the F ederal land banks through a public offering of consolidated F ederal farm loan bonds for delivery Septem ber 14, 1956. The new bonds will be offered fo r cash, no preference being given holders of the m atu rin g issue. The offering will comprise $110 million 16-year 3% percent bonds and $135 million 10-month 3% percent bonds, both issues to be dated Septem ber 14. The bonds will be offered by the banks’ F iscal Agent, John T. Knox, 130 W illiam Street, New York 38, N. Y., through an organized dealer group, at prices to be announced on or about A ugust 29. A dditional copies of this circular will be furnished upon request. A lfred H ayes, P r e s id e n t.
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