Full text of Federal Reserve Bank of New York Circulars : 5042. Federal Farm Loan Bonds, Redemption of June 20 Maturity, Offering of New Bonds

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FED ERAL RESERVE BANK
O F NEW YORK

/"C ircu lar N o . 5 0 4 2 1
I
June 2 . 1961
J

F E D E R A L F A R M LO AN BONDS
— R edem ption o f June 20 Maturity
— Offering o f New Bonds

To A ll Banks and Trust Companies, and Others Concerned,
in the Second F edera l R eserve D istrict:

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:
A n issue o f $154 m illion consolidated Federal farm loan 4 % percent bonds dated
June 1, 1960, will mature on June 20, 1961. These bonds may be redeemed through the
Federal Reserve Banks and Branches or the Treasurer o f the United States, W ashing­
ton, D. C.
Funds fo r the redemption o f the m aturing bonds and fo r other requirements w ill be
provided b y the Federal Land Banks through a public offering o f consolidated Federal
farm loan bonds fo r delivery June 20, 1961. The new bonds will be offered for cash,
no preference being given holders o f the m aturing issue. The offering will comprise
$115 m illion 3 % percent bonds due February 20, 1963, and $115 million 4 percent bonds
due December 20, 1965, both issues to be dated June 20, 1961.
The bonds will be offered by the banks’ Fiscal A gent, John T. K nox, One Chase
Manhattan Plaza, New Y ork 5, N. Y ., through an organized dealer group, at prices to be
announced on or about June 7.

Additional copies o f this circular will be furnished upon request.




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