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FEDERAL RESERWE BANK OF MEW YORK Fiscal Agent of the United States Circular No. 10,045 June 11, 1986 OFFERING OF TWO SEMES OF TREASURY BILLS $7,40®,00®,( O of 91-Bay B l s To Be Issued June 1 , 1906, Due September 1 , 1986 D® il, 9 8 $7,40®,®®®,®®® of 182-Bay B l s To Be Issued June 1 , 1986, Bue Becember 1 , 1986 f il, 9 8 To A ll B anking Institutions, an d O thers Concerned, in the Secon d F ederal 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 $14,800 million, to be issued June 19, 1986. This offering will result in a paydown for the Treasury of about $4,650 million, as the maturing bills total $19,458 million (including the 15-day cash management bills issued June 4, 1986, in the amount of $5,000 million). Tenders will toe received at Federal Reserve Banks and Brandies and at tie Bureau off the Public Debt, Washington, D.C. 20239, prior to 1:00 p.m., Eastern Daylight Saving time, Monday, June 16, 1986. The two series offered are as follows: 91-day bills (to maturity date) for approximately $7,400 million, representing an addi tional amount of bills dated March 20, 1986, and to mature September 18, 1986 (CUSIP No. 912794 LD 4), currently outstanding in the amount of $6,840 million, the additional and original bills to be freely interchangeable. 182-day bills for approximately $7,400 million, to be dated June 19, 1986, and to mature December 18, 1986 (CUSIP No. 912794 LP 7). 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 19, 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 accepted 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 $1,587 million as agents for foreign and inter national monetary authorities, and $3,777 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 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. 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 JUNE 12, 1986) ® £>§€£!?» F O O K m iT IV S axsg* oak M ili 36«#**fc billg caEugiftR Saptaabay » » 1816 vitcouftt M © e§ unt c fa ti lj_ gy|ao $t 211 6.43* I t 321 I.S li &v@r»§§ §,1 1 1 6. SOI InvestBAtit Mm ~ J a i s — f$*418 UVi H ig h U „ i m a ttg riM i m IB.IDS 1 .6 4 1 6 .1 1 1 6.72% 6.60% 6.391 96 .7 5 9 9 6 .7 3 0 ftn iefi ot fcho high lt»©©unfc sq£q fcr th* lSc i ^ M i l l vtt« allotted 79%. ? ^ f*nd®?§ ©I high I £ oo© ure r®£§ f@s 26*v*ch hill© Allotted 27%. tenders received l@CQi^§<i lo®i®n Philadelphia Cleveland Mateeal Atlanta Chicag© I I 0 U u ii Minneapolis Kmoao city Mlim San Pranciice Treioyri? TOTAL! $ 4 l ot0§ 19,022,500 33,260 41,240 17,010 53,340 1 , 5 7 5 ,7 1 5 8 6 ,1 2 0 16,110 66,810 40,1?0 9 4 3 .6 4 5 Accented $ 41,100 S0794 ©000 31,260 49,225 17,010 43,340 ^0O6?!5 S3efl§ 11,466 6S8I60 40,120 2 14 ,9 35 ...986.880 $ s i,3 s s siie &M $19,120,005 Ootpautive MoneoBpttitiva Subtotal, Public $20,2557^60 fgdml temvc i?©t#ap Official Institution* TOTALS m> U691P130 H M H 122*365,110 4 / Equivalent w upoirtiiyt $x,m t6$o 1.137.875 $5,093,56% 1*691,130 _JAM2S $7,200,195 accepted 1 Recaivad t 89,548 $ § n *590,315 O A 13,695 31,910 $ 35*615 B 9 I i l s 9 1 ,ii? ,s n 13,130 18,630 i%tm 32,003 641.38$ 8 1 280.300 1 $19 ,®S7,84S l $w ,866,275 8 J2M M 1 $1? ,643,141 § 1*750*000 M h r n s $11*967*14$ 29.545 $ 0c 13,651 31,010 15,085 46,41© 114,131 4S .n o 10,610 48,290 27*005 127,135 28O.300 1? 8m hm 14 ,107.355 m .n s n , i l l . 325 Ijm M ® _ J M 2 $?,20?8623
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