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FEDERAL RESERVE SANK OF m W YORK Fiscal Agent of the United States Circular No. 10,(048 June 18, 1986 OFFERING OF TWO SERIES OF TREASURY BILLS $7,4©©,©®®,®®® off ®l=D&y Balls, To Be Issued Jaime 26, 1986, Dee September 25, 1986 $7,4©©,®©©,©©© off 183=Day Bills, To Be Issued Lame 26, 1986, Due December 26, 1986 To A ll Banking Institutions, and Others Concerned, in the Second Federal Reserve District: 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 26, 1986. This offering will provide about $350 million of new cash for the Treasury, as as the maturing bills are outstanding in the amount of $14,451 million. Temders will toe received at Federal Reserve Bamks and Brandies and at tine Bureau off the Public Debt, Washington, B .C . 20239, prior to 1:0© p .n ., Eastern Daylight Saving time, Monday, June 23, 1986c 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 27, 1986, and to mature September 25, 1986 (CUSIP No. 912794 LE 2), currently outstanding in the amount of $6,842 million, the additional and original bills to be freely interchangeable. 183-day bills (to maturity date) for approximately $7,400 million, representing an addi tional amount of bills dated December 26, 1985, and to mature December 26, 1986 (CUSIP No. 912794 KU 7), currently outstanding in the amount of $9,281 million, the additional and original bills to be freely interchangeable. 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 26, 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 $1,588 million as agents for foreign and inter national monetary authorities, and $3,014 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. Please that the Treasury bills maturing December 26, 1986, will be 183-day bills. (Over) RESULTS OF LAST WEEKLY OFFERING OF TREASURY BILLS (TWO SERIES TO BE ISSUED JUNE 19, 1986) RANGfi @? ACCEPTED m m m n m m u - Uv Sigh Avavsgl q/ IS<=waok M Hs m w e m Discount Ja la = g .0 ? l S.izg d.liS s a 0 t«ttb»g 2 6 ® w ® i!i b i U i n . Invsansnt A M . M lS . 1,131 Si.Aft® 6.30* 91,453 S.Sfg 96.43® M ecou n t w § § ta in t, M H i . m a / o § ir io4iS i o « m . b ii 96.9 6 6 ® a n s a n 9 6 .1 7 * tecffetog i tendeve totaling $l0O*i0OftQ00. fonder® QS fcbi high 4 im © m t m e ?#nd§r® as the felgh <i&©§®« rat® tbndkm Received 9 Hew ^§gk Philsisiphis Cleveland M attend Atl&nfei Chleage 0 £o tas£o Hlnneapelia tofiQO City Dalles 8g® Franeleee Tveeeury TOTAL! ism Cbspeiiil^Q Honeoe^ttlti^i iufetot$l&FubU e fedetai Mmtn fotQ lp tnitltutlofti to m s y ytttflng Pioeabet IS. 1986 idss 40,183 21,389,103 34,925 40,863 46S4BG 41,360 1,732,800 dt>o§?0 ISoSIS 49.690 43*300 1,120,840 m *m e&e 13-wiek b ill# wort allotted n% 6 £b® §®^waefe M ils were allotted 04%. m m im m accepted tin Thoutend6) AttttSSi I 40,383 6,407,473 24 pf25 41,165 44,489 41,360 113,SS0 41,370 S3,70S 41*690 43„g§0 ISSsSlO %mam Rteilved t S t l 6,725 221,366 27,630 6 ,8 0 8 ,n o 11,080 23*355 11,770 26,163 4S?0330 43,635 i®,s?e 45,2S0 11*020 291 . 7*5 121,360 i $ 2?,0se 1 80,600,970 6O 16,660 S 23,355 s 41„37© 1 26,m § i tm , m 8 63.633 1 29.170 * $ i$)am $ 923,084,603 $7,400,383 ft 123,§68,316 $1,498,69© 921,001,173 14M 4 13,911,815 JM M 2 1 1 920,470,868 1 673443 ? u n rio M 13,117,248 . 673,245 W TIIm W 1,934,333 S„®S4,3SS s 1,900,000 4il,S00 § 913,39® $'15,200 3 $13,961,110 17,405,690 m w th w 925,084,605 Kquivaleet §eupon®i§§u® yidU* 97,400,283 1 ,100,000
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