of Farey fractions of order N. There is an extensive literature where various distributional properties of Farey fractions are investigated. In particular, some of these properties are directly related to the Riemann Hypothesis. (See, for example, the survey [4] as well as the more recent works [1, 2, 3, 7, 8] and references therein.) Here we consider an apparently new problem of the distribution of F(N) in residue classes modulo an integer m ≥ 2. In particular, we show that for any interval I = [k, k + h − 1] ⊆ [0, m − 1] and any integer N ≥ m ε , where ε > 0 is fixed, the number R m (N, I) of Farey fractions s/r ∈ F(N) with gcd(r, m) = 1 and such that s/r ≡ z (mod m) for some z ∈ I is close to its expected value, provided that m is large enough. Naturally, our main tool is bounds for exponential sums. For any integer m ≥ 2 and any real z we put e m (z) = exp(2πiz/m)