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FEDERAL RESERVE BAWK OF MEW YORK Fiscal Agent of the United States Circular No. 10,040 May 28, 1986 OFFERING OF TWO SERIES OF TREASURY BILLS $7,2®©,©®©,©®® off 914Day Bills, To Be Issued Jeme 5, 1986, Dee September 4, 1986 $7,2©©,©©©,©©© off 182=B>ay Bills, To Be Issued June 5, 1986, Due December 4, 1986 To A ll Banking Institutions, and O thers Concerned, in the Second Federal R eserve D istrict: The following notice has been issued by the Treasury Department: The Department of the Treasury, by this public notice, invites tenders for two series of Treasury bills totaling approximately $14,400 million, to be issued June 5, 1986. This offering will result in a paydown for the Treasury of about $100 million, as the maturing bills are out standing in the amount of $14,500 million. Teniers will toe received at Federal Reserve Banks and Brandies and at tie Bureau off the Putolic Debt, Washington, D.C. 20239, prior to 1:00 p.m., Eastern Daylight Saving time, Monday, June 2, 1986. The two series offered are as follows: 91-day bills (to maturity date) for approximately $7,200 million, representing an addi tional amount of bills dated September 5, 1985, and to mature September 4, 1986 (CUSIP No. 912794 KQ 6), currently outstanding in the amount of $15,642 million, the additional and original bills to be freely interchangeable. 182-day bills for approximately $7,200 million, to be dated June 5, 1986, and to mature December 4, 1986 (CUSIP No. 912794 LM 4). 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 of bills will be issued entirely in book-entry form in a minimum amount of $10,000 and in any higher $5,000 multiple, on the records either of the Federal Reserve Banks and Branches, or of the Department of the Treasury. The bills will be issued for cash and in exchange for Treasury bills maturing June 5, 1986. Tenders from Federal Reserve Banks for their own account and as agents for foreign and interna tional monetary authorities will be accepted at the weighted average bank discount rates of ac cepted competitive tenders. Additional amounts of the bills may be issued to Federal Reserve Banks, as agents for foreign and international monetary authorities, to the extent that the aggregate amount of tenders for such accounts exceeds the aggregate amount of maturing bills held by them. Federal Reserve Banks currently hold $1,129 million as agents for foreign and inter national monetary authorities, and $3,667 million for their own account. Tenders for bills to be maintained on the book-entry records of the Department of the Treasury should be submitted on Form PD 4632-2 (for 26-week series) or Form PD 4632-3 (for 13-week series). This Bank will receive tenders at the time indicated in the above notice at the Securities Department o f its Head Office and at its Buffalo Branch. Tender forms for both series are enclosed. Please be sure to use them to submit tenders and return them in the enclosed envelope. Forms for submitting tenders directly to the Treasury are available from the Government Bond Division o f this Bank. Tenders may not be submitted by telephone. Settlement must be made in cash or other immediately available funds or in maturing Treasury securities. Treasury Tax and Loan Note Option Depositaries may make payment for Treasury bills by credit to their Treasury Tax and Loan Note Accounts. A document containing the standard terms and conditions o f Treasury bill offerings may be obtained from the Circulars Division o f this Bank. Results o f the previous weekly offering are shown on the reverse side o f this circular. E . G e r a l d C o r r ig a n , President. (Over) RESULTS OF LAST WEEKLY OFFERING OF TREASURY BILLS (TWO SERIES TO BE ISSUED MAY 29, 1986) op AeeirriD COMPBTITIVl 1108! sanos High A^sayag© m u# m t u t i m Aunwt 21, .1966 s piicount t SBV#@t®§a£ B a ta J /0 Pile# 6# 121 §>161 io is i 6,161 6.34% §„14g 1 » 18.453 » 01.463 » 98.443 s 26-raak biH# M M m J Im s k S L J 0 i8 eeu a£ m i is v s s tB s a t tst« s .m toea M m 6,m% 6.31% % ,S § 3 6.S II 6.211 6, SOX 18.84$ 06.S3S at th* high discount snt» g®s gh« 13-w#*k b i l l # ##re « lio tt# 4 Xaadsra at th# high jls e e u s t rat® far th# 26-i»*k MU® «®ra a llo tted loOIi Boston K@w tek Philadelphia €!§^§lai4 Mchaond Atlanta CMet$o It® &©ui® Minneapolis San isi City Dallaa Mu F ranelii# Tfaaaurf TOTALS Typi CoBpatltlva i@ae©©p£ll6lv@ Subtotale Public R#c$ived « 41,835 11,603,885 21,010 44,095 48,630 45,210 1,836,110 14,453 24,111 SlpISS 43,090 1,400,985 302,120 121,251,685 $18,258,361 1,011,233 Federal Reserve F©filp oflltial institution® um »m TOTALS 821,291,685 208,900 1/ Equivalent coupon-issu# y i« M . accepted (la Thoucandt) § Aeeeutid ssmmm, t $ 1 41,135 24,645 5,380,105 IS,308,900 8 13s^80 21,010 1 44, OSS 23,383 ! 4®, 650 30,295 1 42,680 ISp201 l 463,050 1 .5 3 2 , 7 1 5 l 76,225 3M55 S 24,115 a*too 33,320 S3,355 ? 3ia©io 24,313 1 623,631 s ff?0#40 802,820 2U„m ? $ $22,377,875 87,200,025 D 14,206,70J 1,011,235 nfftois s $19,148,013 eeneiQ i TOfefw 1, 766,185 i |nf00 i 20 $7,200,023 1»700,000 t $22,377,171 M SftglM $ 24,641 §0233*900 13,760 ISsSIS SO02IB 35,105 262,715 m 9m 8,800 35*120 14,111 242,640 244,270 17,*19.575 $3,110,083 6870OSO i m r : m o ® oo o Loeatien received #.«* raifflERs 842.700
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