The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent o f the United States Circular No. 10,029 May 1, 1986 TREASURY ANNOUNCES MAY QUARTERLY FINANCING To All Banking Institutions, and Others Concerned, in the Second Federal Reserve District: The following is quoted from a statement issued yesterday by the Treasury Department: The Treasury will raise about $12,800 million o f new cash and refund $ 1 4,190 million o f securities maturing M ay 15, 1986, by issuing $9,000 million o f 3-year notes, $9,000 m illion o f 10-year notes, and $ 9 ,000 m illion o f 30-year bonds. The $14,190 million o f maturing securities are those held by the public, including $1,025 million held, as o f today, by Federal Reserve Banks as agents for foreign and international m onetary authorities. The 10-year note and 30-year bond being offered today will be eligible for exchange in the S T R IP S program and, accordingly, may be divided into their separate Interest and Principal Com ponents and m aintained on the book-entry records o f the Federal Reserve Banks and Branches. Once a security is in the S T R IP S form , the com ponents may be maintained and transferred in multiples o f $1,000. Financial institutions should consult their local Federal Reserve Bank or Branch for procedures for requesting securities in S T R IP S form . The three issues totaling $27,000 million are being offered to the public, and any amounts tendered by Federal Reserve Banks as agents for foreign and international m onetary authorities will be added to that am ount. Tenders for such accounts will be accepted at the average prices o f accepted competitive tenders. In addition to the public holdings, Government accounts and Federal Reserve Banks, for their own accounts, hold $1,819 million o f the maturing securities that may be refunded by issuing additional amounts o f the new securities at the average prices o f accepted competitive tenders. Printed on the reverse side is a table summarizing the highlights o f the offerings. The 10-year note and the 30-year bond will be eligible for conversion to S T R IP S (Separate Trading o f Registered Interest and Principal o f Securities). Inform ation about this feature is set forth in the Treasury Departm ent’s official offering circulars, copies o f which will be furnished upon request directed to the Government Bond Department (Tel. No. 212-791-6619). Questions regarding procedures for requesting securities in S T R IP S form should be directed to Daniel Bolwell, Chief, Securities Transfer Division (Tel. No. 212-791-5379). In addition, enclosed are copies o f the forms to be used in submitting tenders. This Bank will receive tenders at the Securities Department o f its Head Office and at its Buffalo Branch on the dates and times specified on the reverse side o f this circular as the deadlines for receipt o f tenders. A ll competitive tenders, whether transmitted by mail or by other means, must reach this Bank or its Branch by that time on the specified dates. However, for investors who wish to submit noncompetitive tenders and who find it more convenient to mail their tenders than to present them in person, the official offering circular for each offering provides that noncompetitive tenders will be considered timely received if they are mailed to this Bank or its Branch under a postmark no later than the date preceding the date specified for receipt o f tenders. Bidders submitting noncompetitive tenders should realize that it is possible that the average price may be above par, in which case they would have to pay more than the face value for the securities. Payment with a tender may be made In cash, by check, in Treasury securities maturing on or before the issue date o f the securities being purchased, by a charge to an institution’s reserve account at this Bank, or, in the case o f Treasury Tax and Loan Note Option Depositaries, by credit to a Treasury Tax and Loan Note A ccount. Payment by check must be in the form o f an official bank check, a Federal funds check (a check drawn by a depository institution on its Federal Reserve account), or a personal check, which need not be certified. All checks must be drawn payable to the Federal Reserve Bank o f New Y ork; checks endorsed to this Bank will not be accepted . Recorded messages provide inform ation about Treasury offerings and about auction results: at the Head O ffice — Teh No. 212-791-7773 (offerings) and Teh No. 212-791-5823 (results); at the B uffalo Branch — Teh No. 716-849-5158 (offerings) and Teh No. 716-849-5046 (results). Additional inquiries re garding this offering may be made by calling, at the Head O ffice, Teh No. 212-791-6619, or, at the Buffalo Branch, Teh No. 716-849-5016. E . G e r a l d C o r r ig a n , President. (Over) HIGHLIGHTS OF TMEASUHY OFFEMNGS TO THE PUBLIC MAY 1986 FINANCING TO EE ISSUED MAY IS, 1986 3-Year Notes lO-Year Notes 30-Yffiar lomdls Amount Offered: To the public............................. . $9,000 million $9,000 million $9,000 million Description off Security: Term and type of security........... . 3-year notes 10-year notes 30-year bonds Series C-1996 (CUSIP No. 912827 TQ5) Bonds of 2016 (CUSIP No. 912810 DW5) Listed in Attachment A of offering circular Listed in Attachment A of offering circular Maturity date........................... .May 15,1989 May 15,1996 May 15, 2016 Interest rate.............................. . To be determined, based on the average of accepted bids To be determined, based on the average of accepted bids To be determined, based on the average of accepted bids investment yield........................ . To be determined at auction To be determined at auction To be determined at auction Premium or discount.................. . To be determined after auction To be determined after auction To be determined after auction Interest payment dates................ . November 15 and May 15 November 15 and May 15 November 15 and May 15 Minimum denomination available . .$5,000 $1,000 $1,000 Amount required for STRIPS...... . Not applicable To be determined after auction To be determined after auction Yield auction Yield auction Series and CUSIP designation...... . Series R-1989 (CUSIP No. 912827 TP7) CUSIP Nos. for STRIPS Components........................ . Not applicable Terms off Sale: Method of sale......................... . Yield auction Competitive tenders................... . Must be expressed as an annual Must be expressed as an annual Must be expressed as an annual yield, with two decimals, e.g., 7.10% yield, with two decimals, e.g., 7.10% yield with two decimals, e.g., 7.10% Noncompetitive tenders.............. . Accepted in full at the average price up to $1,000,000 Accepted in full at the average price up to $1,000,000 Accepted in full at the average price up to $1,000,000 Accruedinterest payablebyinvestor . . None None None Acceptable for TT&L Note Option Depositaries Acceptable for TT&L Note Option Depositaries Full payment to be submitted with tender Full payment to be submitted with tender Acceptable Acceptable Wednesday, May 7,1986, prior to 1:0®p.m., EB§T Tlrarsday, May 8,1986, prior to 1:0®p.m., EB§T a) funds immediately available to the Treasury.....................Thursday, May 15,1986 Thursday, May 15,1986 Thursday, May 15,1986 b) readily collectible check Tuesday, May 13,1986 Tuesday, May 13,1986 Payment Terms: Payment through Treasury Tax and Loan (TT&L) Note Accounts... . Acceptable for TT&L Note Option Depositaries Payment by non-institutional investors...................... Full payment to be submitted with tender Deposit guarantee by designated institutions.............................Acceptable Key Bates: Receipt of tenders Tuesday, May 6,1986, prior to 1:®®p.m., EB§T Settlement Tuesday, May 13,1986 C U S X P NUMBERS AND D ESIG N A TIO N S FOR THE P R I N C I P A L COMPONENT AND IN T E R E S T COMPONENTS OF TR EA SU R Y BONDS OF MAY I S , 2 0 1 6 , C U 8 X P N O , 9 1 2 6 1 0 DM 5 The Principal Component la designated (Interest Rate) Treasury Principal (TPRN) 2016 due May 15, 2016, CUSXP No. 912803 AH 6. INTEREST OOMPONENT6 CUSXP NUMBER 912813 DBSIQNATiqtj Treasury Interest (TINT) flua November 15/ May 15, 1117 November 15/ May 11/ 1101 November 15/ May IS, 1989 November 18? May IS, 19®0 November 15/ May li, 1991 November 15/ May IS, IS®g Novembar 15? May IS, IS®3 * November 15/ May IS, 1994 November 15/ May li, 1995 November 15/ 1111 1987 1981 1119 119 0 1911 1992 1011 November 15# 1997 May is, 1 1 8 0 November 15# 1991 May IS, 1989 November 15# 1999 May EH BJ IK IL !M IN IP EQ SR 11 ST IU IV EW IK SY § 1 2 0 © € 1 9 7 S 3 0 1 6 4 2 0 1995 15# 20©@ November 15/ §ee@ n a y 11/ 2001 fiaoss Treasury Interest (TINT) $u© Wb May I S , 199® $av©sb©£ 18? 1§9@ May 1 5 , 1917 CUSXP NUMBER DESIGNATION 1 FI 1 FC 0 WD1 FE i FF 2 m m o m i i fJ 4 g% § FM ? FN § November 15# May 11/ 2002 November IS, May IS, 2093 November 15# May IS, 2004 November 15# May 15# 200$ November 15, May 15# 200$ November 15# May 13, 2007 November 15# May 15# 2008 November 15 # May 15, 2009 November 15, toy 13, 2010 November 15, May IS, 2011 November 15, May IS, m i l November 15# toy IS, 2013 November 15# r n y 11/ 1014 November 15# May 11/ 201$ November IS# May 15, 291® 3001 2002 2003 1004 2005 3006 goo? 2008 2009 201© FP PQ PR PS FT PU IV FW FI PY Pg 0 i i 4 2 0 1 S 3 1 0 2 m ■m 0 GC © m a GE 4 CBF 1 JO i JV 3 l 2014 JX 3 JY 1 Jg 4 K& 1 KB 5 KC % m 1 1019 kp 2012, 2012 2011 m 1 MI 2 CUSIP NUMBERS AMD DS1IGNATI0NS POR Til PRINCIPAL COMPONENT AND INTEREST COMPONENT! OF TR8A8UR* NOT10 0? MAT IS, if96, SERIES C-1996, CU8IP NO. 912127 TQ 9 The Principal Component is designated (Interest Rata) Treasury Prlnolpal (TPRN) Series C-1996 due May IS, 1896, C O SSP «© , 912128 a® 8. ■INTERBET qOMPONBNTS CDIIP NUMBER PHIQNATION Treasury Interest (TINT) due Hevaabor IB, May IS, 110? Sfevember IB, May IS, 1806 November i§, May 15, 19S9 November IS, May li, 1§80 M@ve®fe«s 13, May 15, 1181 1886 1887 1818 1919 1690 CUSIP NUMBER DESIGNATION — sia e sa Treasury Interest (TINT) dug ia 8$ IX 8L EM §N gp SQ SR is 8 g 2 6 i 6 1 8 7 i November 15# Nay IS, 1992 November IS# Nay 15, 1993 November 1 5 # Nay 15, 1994 November 13, Nay 15, 1995 November IS, Nay 15, 1995 1991 1992 1993 1994 1993 t [Ref. C i r . No. 10,029] (Over) ET 1 (0 m IV 1 EW g BX 4 BY 2 11 9 P& 3 1 m FC §
@FedFRASER