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FEDERAL RESERVE BANK OF NEW YORK r Circular N o. 5 0 0 7 1 L March 13. 1961 j F E D E R A L F A R M LO AN BONDS — R e d e m p tio n o f A p r il 3 M aturities — O fferin g o f N ew B on d s To All Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District : A t the request of the twelve Federal Land Banks, transmitted to us by the Treasury Department, we bring to your attention the following notice: T w o issues o f con solida ted F e d era l fa rm loan bon ds w ill m ature on A p r il 3, 1 961: $83 m illion o f 3 % p e rce n t b on d s dated F e b ru a ry 14, 1958, a n d $100 m illion o f 4 p ercen t bon ds dated A p r il 20, 1960. These bon ds m a y be redeem ed th rou gh the F e d e ra l R eserve B anks and B ranch es o r the T reasu rer o f the U n ited States, W a sh in gton , D . C. F u n d s fo r the red em p tion o f the m aturing b on d s an d fo r oth er requirem ents w ill be p rov id ed b y the F e d era l L a n d B anks th rou gh a p u b lic offe rin g o f con solida ted F ed era l fa rm loan b on d s fo r d e liv e ry A p r il 3, 1961. T he n ew b on d s w ill be offered fo r cash, no p referen ce b e in g g iv en h olders o f the m a tu rin g issues. The offerin g w ill com p rise $104 m illion 3 % p e rce n t bon ds due O ctob er 22, 1962, an d $150 m illion 3 % p e rce n t bon d s due F e b ru a ry 21, 1966, b oth issues to be dated A p r il 3, 1961. T he bon ds w ill be offered b y the b a n k s’ F isca l A g e n t, J o h n T . K n o x , 130 W illia m S treet, N ew Y o r k 38, N. Y ., th rou gh an orga n ized dealer g ro u p , at p rice s to be announced on o r about M arch 16. Additional copies o f this circular will be furnished upon request. A lfred H ayes, President.
@FedFRASER