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Farm Credit System Banks Announce New 5-Year Designated Bond

JERSEY CITY, NJ, Nov. 9, 2010 – The Federal Farm Credit Banks Funding Corporation today announced it will offer a new Designated Bond to settle November 15, 2010. The total size of the offering has yet to be determined; however, it will fall within the typical range for new Designated Bond issuance. The Designated Bond will be issued through the Federal Farm Credit Banks Consolidated Systemwide Bond Program.


Amount
$Billions

Maturity
Date

Minimum
Denominations

CUSIP
31331J

Interest Pay
Dates
First
Interest
Pay Date
Underwriting
Concession
per $1,000
Selling
Concession
per $1,000
TBA 11/16/2015 $1,000 X $1,000 2S1 05/16 & 11/16 05/16/11 $1.000 $0.750

The following dealers have been selected by the Funding Corporation to lead the offering:

  Lead Managers: Goldman, Sachs & Co.
    J.P. Morgan Securities LLC
    RBC Capital Markets, LLC

The above issue will be settled through the Federal Reserve Book-entry system.

A limited portion of the Designated Bond issue will be available for Selling Group Members with Customer Orders. The schedule covering the above offering is outlined below:

  Selling Group Orders: Tuesday, November 9, 2010, starting at 03:15 p.m. New York Time
  Allocation: Prior to Pricing, Funding Corporation will call Selling Group Members
  Pricing: Wednesday, November 10, 2010

The above issue will be settled through the Federal Reserve Book-entry system.

CONTACT:
Glenn R. Doran
(201) 200-8030