The Office of Finance of the FederalHome Loan Banks announced a debt offering totalling 2.55
billion dlrs consisting of three issues.
    The issues are 1.11 billion dlrs maturing March 26, 1990;
1.065 billion dlrs maturing March 25, 1992; and 375 mln dlrs
maturing March 25, 1997.
    Sale date and announcement of rates is set for Tuesday
March 17, 1987.
    The office of finance said allocation of the 1997 issue
will be limited to members of the long term selling group.
Proceeds of the offering will be used to refund the issues
maturing March 25, 1987 and to raise additional funds, it said.
    The finance office added that 171 mln dlrs of the 1990
issue, 146.5 mln dlrs of the 1992 issue and 49.5 mln dlrs of
the 1997 issue will be reserved for the Federal Reserve System
and their own or customer accounts.
    The bonds will be availalbe in book entry form only, it
said.
 Reuter
