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FED ERAL RESER VE BANK OF NEW YORK f Circular No. 4 6 5 0 "I L October 10, 1 9 5 8 J F E D E R A L F A R M LO AN BONDS — R edem ption o f N ovem ber 1 Maturity — Offering o f T w o New Issues T o A ll B anks and Trust Companies, and Others Concerned, in the Second Federal R eserve D istrict: At the request of the twelve Federal Land Banks, transmitted to us by the Treasury Department, we bring to your attention the following notice: C o n s o l id a t e d F e d e r a l F a r m L o a n 2 ^ 4 p e r c e n t b o n d s d a t e d N o v e m b e r 1, 1 9 5 4 , o f w h i c h t h e r e a r e $ 1 8 4 m i llio n o u t s t a n d i n g , w i l l m a t u r e o n N o v e m b e r 1 , 1 9 5 8 . T h ese b on d s m a y be r e d e e m e d t h r o u g h th e F e d e r a l R e s e r v e B a n k s a n d B r a n c h e s o r th e T r e a s u r e r o f t h e U n it e d S ta te s, W a s h in g t o n , D . C . F u n d s f o r t h e r e d e m p t i o n o f t h e m a t u r i n g b o n d s a n d f o r o t h e r r e q u ir e m e n t s w i l l b e p r o v id e d fa r m by th e F e d e r a l L a n d B a n k s t h r o u g h a p u b lic o ffe r in g o f c o n s o lid a te d F e d e r a l lo a n b o n d s f o r d e liv e r y M o n d a y , N o v e m b e r 3, 19 5 8. T h e n e w b o n d s w ill b e o ffe r e d f o r c a s h , n o p r e f e r e n c e b e i n g g i v e n h o ld e r s o f t h e m a t u r i n g is s u e . p r is e $ 1 2 0 m i l l i o n 3 T h e o ffe r in g w ill c o m p e r c e n t b o n d s d u e M a y 1, 1 9 5 9 , a n d $ 1 2 0 m i l l i o n 4 p e r c e n t b o n d s d u e S e p t e m b e r 2 0 , 1 9 6 1 , b o t h is s u e s t o b e d a t e d N o v e m b e r 3, 1 9 5 8 . T h e b o n d s w ill b e o ffe r e d b y th e b a n k s ’ F is c a l A g e n t , J o h n T . K n o x , 1 3 0 W illia m S tre e t, N e w Y o r k 3 8 , N . Y . , t h r o u g h a n o r g a n i z e d d e a le r g r o u p , a t p r i c e s t o b e a n n o u n c e d o n o r a b o u t O c t o b e r 15. Additional copies of this circular will be furnished upon request. A lfred H ayes, President. At *4650 Fe d e r a l R e s e r v e NEW Ba n k YORK RECTOR 4 5 , o f N ew Yo r k N .Y . 2-5700 O cto b e r 10, 1958 T o th e C h ie f E x e c u tiv e O ffic e r o f E a ch M em ber Bank in th e S eco n d F e d e r a l R e s e r v e D is tr ic t: E n c lo s e d are s e v e ra l c o p ie s o f a new b o o k le t, The Story o f Checks, prepared b y our P u b lic Inform ation Departm ent in re s p o n s e to re q u e sts b y se co n d a ry s c h o o l te a ch e rs for inform a tion on ch e c k c o lle c t io n . T h e b o o k le t d e s c r ib e s the p a s t and p re s e n t ro le o f c h e c k s and c h e c k cle a rin g o p e ra tio n s and to u ch e s on p la n s that are underway to m eet the problem o f an in c re a s in g volum e o f c h e c k s . We sh a ll b e glad to furnish ban k s with up to 100 c o p ie s w ithout ch arge. A ch a rge o f 11 ce n ts a c o p y , w hich rep resen ts the B a n k 's o u t-o f-p o c k e t printin g e x p e n s e s , w ill b e m ade for all c o p ie s in fillin g re q u e s ts for more than 100 b o o k le t s . Should you d e sire a su p p ly o f the b o o k le ts , p le a s e fill o u t the ord er form b e lo w and return it to ou r P u b lic Inform ation Departm ent, N ew York 45, N ew Y ork. If you w ish to arrange for su pp lyin g c o p ie s to your lo c a l s c h o o l or s c h o o ls , we would b e gratefu l i f you w ould c a ll the s c h o o l ’ s attention to the b o o k le t and ask the s c h o o l to write d ir e c tly to the P u b lic Inform ation D epartm ent for a dd ition al c o p i e s . T h is w ill a void d u p lica tion in the e v en t sev era l b a n k s s e e k to su p p ly c o p ie s to the sam e s c h o o l. It w ill a ls o g iv e u s an in d ic a tio n o f the demand b y s c h o o ls for cla ssro o m u se o f the b o o k le t. WILLIAM F. TREIBER, First V ice President. (I f your order is for more than 100 c o p ie s , an o f fi c i a l signatu re w ill b e required, w hich w ill s e rv e as our authority to charge your re s e r v e a cco u n t for the c o s t , 11 c e n ts a c o p y , p lu s N ew York C ity s a le s tax, i f a p p lic a b le .) (D a te ) To F ed era l R e s e r v e Bank o f N ew York, P u b lic Inform ation Departm ent: P le a s e sen d u s________ c o p ie s o f the b o o k le t The Story o f Checks. (Nam e o f bank) (O ffic ia l sig n a tu re req u ired ) (T it l e ) (S treet a d d r ess) (C ity, T ow n or V illa g e , P .O . N o., and S ta te)
@FedFRASER