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FEDERAL RESERVE BANK
OF NEW YORK
r Circular No. 5831
I
July 1, 1966

FED ERAL FARM LOAN BONDS

— R edem ption o f July 20 Maturity
— Offering o f New Bonds

To A ll Banks and Trust Companies, and Others Concerned,
in the Second Federal Reserve 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 of $193 million consolidated Federal farm loan 4 ^ percent bonds dated
September 20, 1961, will mature July 20, 1966. These bonds may be redeemed through the
Federal Reserve Banks and Branches or the Treasurer o f the United States, W ashington,
D. C. 20220.
Funds for the redemption o f the maturing bonds and for other requirements will be
provided by the Federal Land Banks through a public offering of consolidated Federal
farm loan bonds for delivery July 20, 1966. The new bonds will be offered for cash, no
preference being given holders of the maturing issue. The offering will comprise $150,000,000
o f 5 % percent bonds due October 23, 1967, and $150,000,000 o f 5 % percent bonds due
July 20, 1976, both issues to be dated July 20, 1966.
The bonds will be offered by the banks’ Fiscal Agent, John T. Knox, One Chase Man­
hattan Plaza, New York, N. Y. 10005, through an organized dealer group, at prices to be
announced on or about J u ly 7.

Additional copies of this circular will be furnished upon request.




A

lfred

H

ayes,

President.