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. 10,032 May 7, 1986 OFFERING OF TWO SERIES OF TREASURY BILLS $7,©005000,000 o f 91-B ay Bills, To Be Issued May 15, 1986, B e e August 14, 1986 $7,000,000,000 off 182-Bay Bills, To Be Issued May 15, 1986, B u e November 13, 1986 To All Banking Institutions, and Others Concerned, in the Second Federal Reserve District: The following notice has been issued by the Treasury Department: The D epartm ent o f the Treasury, by this public notice, invites tenders for two series o f Treasury bills totaling approximately $14,000 million, to be issued M ay 15, 1986. This offering will provide about $200 million o f new cash for the Treasury, as the maturing bills are outstand ing in the am ount o f $13,788 million. Tenders will be received at Federal Reserve Banks and Branches and at the Bureau o f the Public D ebt, W ashington, D .C . 20239, prior to 1:00 p .m ., Eastern Daylight Saving time, M onday, May 12, 1986. The two series offered are as follows: 91-day bills (to maturity date) for approximately $7,000 m illion, representing an addi tional am ount o f bills dated February 13, 1986, and to mature August 14, 1986 (C U S IP No. 912794 KZ 6), currently outstanding in the am ount o f $7,046 m illion, the additional and original bills to be freely interchangeable. 182-day bills for approximately $7,000 million, to be dated M ay 15, 1986, and to m ature November 13, 1986 (C U S IP No. 912794 L K 8). The bills will be issued on a discount basis under competitive and noncompetitive bidding, and at maturity their par amount will be payable without interest. Both series o f bills will be issued entirely in book-entry form in a minimum am ount o f $10,000 and in any higher $5,000 multiple, on the records either o f the Federal Reserve Banks and Branches, or o f the D epart ment o f the Treasury. The bills will be issued for cash and in exchange for Treasury bills maturing M ay 15, 1986. In addition to the maturing 13-week and 26-week bills, there are $8,550 million o f maturing 52-week bills. The disposition o f this latter am ount was announced last week. Tenders from Federal Reserve Banks for their own account and as agents for foreign and international m onetary authorities will be accepted at the weighted average bank discount rates o f accepted competitive tenders. Additional amounts o f the bills may be issued to Federal Reserve Banks, as agents for foreign and international m onetary authorities, to the extent that the aggregate am ount o f tenders for such accounts exceeds the aggregate amount o f maturing bills held by them. F or purposes o f determining such additional am ounts, foreign and international m onetary authorities are considered to hold $1,340 million o f the original 13-week and 26-week issues. Federal Reserve Banks currently hold $1,545 million as agents for foreign and inter national m onetary authorities, and $5,428 million for their own account. These amounts repre sent the combined holdings o f such accounts for the three issues o f maturing bills. Tenders for bills to be maintained on the book-entry records o f the D epartm ent o f the Treasury should be submitted on Form P D 4632-2 (for 26-week series) or Form P D 4632-3 (for 13-week series). This Bank will receive tenders at the time indicated in the above notice at the Securities Depart ment o f its Head O ffice and at its Buffalo Branch. Tender forms for both series are enclosed. Please be sure to use them to submit tenders and return them in the enclosed envelope. Form s for submitting tenders directly to the Treasury are available from the Government Bond Division o f this Bank. Tenders may not be submitted by telephone. Settlement must be made in cash or other immediately available funds or in maturing Treasury securities. Treasury Tax and Loan Note Option Depositaries may make payment for Treasury bills by credit to their Treasury Tax and Loan Note Accounts. A document containing the standard terms and conditions o f Treasury bill offerings is enclosed; additional copies may be obtained from the Circulars Division o f this Bank. Results o f the previous weekly offering are shown on the reverse side o f this circular. E . G e r a l d C o r r ig a n , President. (Over) RESULTS OF LAST WEEKLY OFFERING OF TREASURY BILLS (TWO SEMES TO BE ISSUED MAY 8, 198®) 8 ® iB © JifiCB?TSP if GOMFtmiVE SS088 S8=K a© & M i l e Siftcount Invcitaant feg li Q aa g fe §8«w @ $k b a p M fgifit M ils m E jA :liE = = > § Dlaeeung § - M s l- a s m 2n v«»tM nt —1 * S* IL , M m s 1 S.108 - 6.38S 96.916 @ 0§Sg Avtrtg* 11471 §1414 6 .0 t # | sgSi ® * « ® o0 ? g I i4 ii 8 6 ,m u @ ,m m %,M>% Ttndir® ofe fe ® Mgto it a s e r a t goso 2m tti® 1 fo 3 Mi l e m m fmiQEO as tha high d iscount ?ai® 2m th« 8(H ? gok I U I i f§o ® 8§ s llo t t e d a llo t te d ,m |@^0 m tm m acceptm m® jj^eotsflga H© O t§n S ^ Y tk O O FhlUdtlfhle Cleveland lleh&eni A fttg £l@ Q %§ Mq§ SSo l$ui§ Mlnneepolls taaoco © iilO Q G u ti Pfanoiaea tY fS'OGu^f som i Ua m, Qttptsitive Haneeapciiii?® §nfetia6ilDfutile Poteoi It*s e r v e t©?t4§n § g © o g & && liilily||® ii TTL OA* MsaiM $ 17,100 g® C 5S§®S43 §9,433 57.950 *5.160 ifsO O T 11ilS?o®i9 A flflg C @ .eo § 6022a„?8§ 29sits SI6fS @ 4%lie §® 7d7 ® Ii0 4i0 s«,47e 10,16$ 59,113 3M*S 71,710 $sB m 3i»as§ 59,us 4Ss143 1.,511,015 mm $30,0 309,716 _ $7(078,$*3 A @)t@ eg g J e MMilM, § 1 2I094S 1 l,,380,711 8 30iasseiii 8 16g310 I®,si© I 2*.6is IMIS 80„§§© 3 SlallQ nD a§s 1 $411,000 141,310 8 h n, no I *6,530 e 11.770 It,770 «s@ fas 8 Slgdl© a 21,090 530,990 m,m 3 1o 57*.075 3 mm i $23•810.333 $1,000,180 $4•014,720 |3L■*97.001 14,266,040 _JL.0»§„!20 JJfiGIO |28>99ioUl 0S(3gS7llf 19540 125 1,5*0,925 8 $20,831,105 8 JIMM 3 $21,691,993 ® 1(800(000 .„..J7$M J M p $S0„S09,7lO 3 080,860 J J I 8 123,616,533 17,000,150 q |4(@7W 1,500,000 A adSlttanai f4$@ I thouaaad €£ IS“*® k M ill © «r addition©! fi7f§0& n 24C >? @ nd 0 thou aand @ §5-% ® Mil© 2 &h fea £oqb® m iamign M fleisl institution® % $ m m V V ©OG^o Hqy&valfimt $$up®^4i»w© y ie ld
@FedFRASER