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FED ER AL RESERVE BANK
O F NEW YORK

r Circular No. 005)3 ~|
January 9, 1968 -I

FEDERAL FARM LOAN BONDS

— Redemption of January 22 Maturity
— Offering of New Bonds

To All Banlcs and Trust Companies, and Others Concerned,
in the Second Federal Reserve District:

At the request of the twelve Federal Land Banks, transmitted to us by the
Treasury Department, we bring to your attention the following notice:
An issue o f $161 million consolidated Federal farm loan 5y8 percent bonds dated
February 21, 1966, will mature January 22, 1968. These bonds may be redeemed through
the Federal Reserve Banks and Branches or the Treasurer of the United States, Washing­
ton, D. C. 20220.
Funds for the redemption of 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 January 22, 1968. The new bonds will be offered for cash, no
preference being given holders of the maturing issue. The offering will comprise $246.5
million of 5.95 percent bonds dated January 22, 1968, due December 23, 1968.
The bonds will be offered by the Banks’ Fiscal Agent, Robert W. Gilmore, One Chase
Manhattan Plaza, New York, N. Y. 10005, through an organized dealer group, at par on
January 10, 1968.

Additional copies of this circular will be furnished upon request.




A lfred H a y e s ,

President.