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F E D E R A L R E S E R V E BANK O F NEW YORK r Circular No. 4 4 8 0 1 June 2 1 , 1957 J L F E D E R A L F A R M LO AN BONDS — R edem ption o f July 15 Maturity — Offering o f T w o New Issues To A ll B anks and Trust Companies, and Others Concerned, in the Second Federal Reserve D is tr ic t: A t the request o f the twelve Federal Land Banks, transmitted to us by the Treasury Department, we bring to your attention the following notice: Consolidated Federal Farm Loan 3 % percent bonds dated September 14, 1956, o f which there are $135 million outstanding, will mature on J u ly 15, 1957. These bonds may be redeemed through the Federal Reserve Banks and Branches or the Treasurer o f the United States, W ashington, D. C. Funds fo r the redemption o f the maturing bonds and fo r other requirements w ill be provided by the Federal land banks through a public offering o f consolidated Federal Farm Loan bonds fo r delivery J u ly 15, 1957. The new bonds w ill be offered fo r cash, no preference being given holders o f the matur ing issue. The offering w ill comprise $123 million 1-year 4 % percent bonds and $60 million noncallable 12-year 4 % percent bonds, both issues to be dated J u ly 15. The bonds will be offered b y the banks’ Fiscal Agent, John T. K nox, 130 W illiam Street, New Y ork 38, N. Y ., through an organized dealer group, at prices to be announced on or about June 27. Additional copies of this circular will be furnished upon request. A l fr e d H a y e s , President.
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