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F E D E R A L R E S E R V E BANK O F N EW YORK r Circular N o. 4 6 9 0 "I L January 16, 1959 J FEDERAL FARM LOAN BONDS — Redemption of February 2 Maturity — Offering of Two New Issues To all Banks and Trust Companies, and Others Concerned, in the Second Federal R eserve D is tr ic t: A t the request o f the twelve F ederal Land Banks, transm itted to us by the T reasury Departm ent, we bring to your attention the follow in g notice: Consolidated Federal Farm Loan 4 % percent bonds dated October 1, 1957, o f which there are $140 million outstanding, w ill mature on February 2, 1959. 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 February 2, 1959. The new bonds will be offered fo r cash, no preference being given holders o f the maturing issue. The offering will comprise $89 million 3 % percent bonds due February 1, 1960, and $100 m illion 4 % percent bonds due March 20, 1969, both issues to be dated February 2, 1959. The bonds will be offered by the banks’ Fiscal Agent, John T. Knox, 130 W illiam Street, New Y ork 38, N. Y ., through an organized dealer group, at prices to be announced on or about January 20. A dditional copies o f this circular w ill be furnished upon request. A l f r e d H a y e s , P resident.
@FedFRASER