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FED ERAL RESERVE BANK O F NEW YORK r Circular No. 4 8 4 1 "1 L January 8, 1960 J FE D E R A L FA R M LO AN BONDS — R edem ption o f February 1 Maturities — Offering o f New Bonds To A ll Banks and Trust Companies, and Others Concerned, in the Second Federal R eserve D istrict: 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: Two issues o f consolidated Federal farm loan bonds w ill mature on February 1, 1960: $124 million o f 2 % percent bonds dated A ugust 2, 1954, and $89 million o f 3% percent bonds dated 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 for the redemption o f the m aturing bonds and for other requirements will be provided by the Federal Land Banks through a public offering o f consolidated Federal farm loan bonds for delivery February 1, 1960. The new bonds will be offered for cash, no p refer ence being given holders o f the m aturing issues. The offering will comprise $150 million bonds due December 20, 1960, and $82 million 5 % percent bonds due February 20, 1970, both issues to be dated February 1, 1960. The bonds will be offered by the banks’ Fiscal Agent, John T. Knox, 130 William Street, New Y ork 38, N. Y ., through an organized dealer group. The bonds due December 20, 1960, will be offered at 100. The interest rate o f this issue and the offering price o f the percent bonds will be announced on or about January 13. Additional copies o f this circular will be furnished upon request. A lfred H ayes, President.
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