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FEDERAL RESERVE HAWK OF MEW YORK Fiscal Agent o f the United States C ircular N o. 1 0 , OS June 25, 1986 OFFERING OF TWO SERIES OF TREASURY BILLS $7,400,©©©,©00 off 91-Day Bills, To Be Issued July 3, 1986, Due October 2, 1906 $7,4©©,®©©,®®© off 103-Day Bills, To Be Issued July 3, 1986, Due January 2, 1907 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 o f the Treasury, by this public notice, invites tenders for two series o f Treasury bills totaling approximately $14,800 million, to be issued July 3, 1986. This offering will provide about $125 million o f new cash for the Treasury, as the maturing bills are outstand ing in the amount o f $14,673 million. Tenders will be received at Federal Reserve Banks and B rand ies and at the Bureau off the Public D ebt, W ashington, B .C . 2©239, prior to 1:0© p .m ., Eastern Daylight Saving time, M onday, Ju n e 30, 1986. The two series offered are as follows: 91-day bills (to maturity date) for approximately $7,400 m illion, representing an addi tional amount o f bills dated O ctober 3, 1985, and to m ature O ctober 2, 1986 (C U S IP No. 912794 K R 4), currently outstanding in the amount o f $15,447 m illion, the additional and original bills to be freely interchangeable. 183-day bills for approximately $7,400 million, to be dated July 3, 1986, and to mature January 2, 1987 (C U S IP No. 912794 LQ 5). The bills will be issued on a discount basis under competitive and noncompetitive bidding, and at maturity their par am ount will be payable without interest. Both series o f bills will be issued entirely in book-entry form in a minimum amount 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 July 3, 1986. Tenders from Federal Reserve Banks for their own account and as agents for foreign and inter national 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 amount o f tenders for such accounts exceeds the aggregate am ount o f maturing bills held by them. Federal Reserve Banks currently hold $946 million as agents for foreign and international m onetary authorities, and $3,732 million for their own account. Tenders for bills to be maintained on the book-entry records o f the Department o f the Treasury should be sub mitted 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 of 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 of 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 of Treasury bill offerings may be obtained from the Circulars Division of this Bank. Results of the previous weekly offering are shown on the reverse side of this circular. E . G e r a l d C o r r ig a n , P resid en t . Please note that the Treasury bills maturing January 2, 1987, will be 183-day bills. (Over) RESULTS OF LAST WEEKLY OFFERING OF TREASURY BILLS (TWO SERIES TO BE ISSUED JUNE 269 1986) M l ACCEPTED COKPETmVB SIPie lS»*«©k telll® W & m im EogSoakog ^ m o k 1934 o o t y g l fm a ittS S S t P ffjC g @»§?g 6 .1 0 * 6 .0 9 * 26 6 19$6 W E S e B S tT w o o liiH r"^ ^___ ?iafee_ Lav High Avor®g© lU l® jfo feQ afo er to e o » *.4 6 t 8 s a i l *8,458 8 6.1 4 * 8 t.u x m * m 8.292 §.212 §.§?g y "* M s ® 6.111 1.431 6.411 16.194 96.87$ 96.184 find®?® At th« high llfgount ?#tt 2m fell® i 3»vttk M i l l mt® c\H@%%q& I I I , T®ad®?# m i U high ditseouni; m t 2m fell© 26-vtak M U i Allott*< 421. fSNDERs m m m m> accepted CSb Thousands) fe ia s la a U ^o zm HSW fo rk Phil&i@lphi& S lt^ ils n d A tla n ta Chtoogo 9feo M inneapolis E§«S§§ C ity D®lla§ Boa Pfiiieiie© Tf®i©u?y TOTAU JE E i Coapefcitiva N en o o sp stltlv e §Blfe@feGlp IPBMlg F td o ta l Ia se rv e Porolgn © fftilG l In® g it tit ion© TOTALS taeaiV id 1 34,175 12,319,160 21,243 127,SIS 40,360 3 ? ,TOO i„ m ,m im a o u tm 44,165 36,731 2,122,130 „ 276,468 126,830,085 $24,142,330 9M j 7M 4 ii,0 9 7 ,3 i0 1,334,430 ____ m m 186,159,883 Accepted f 94,173 6,337,360 81,843 SO?,063 19,795 36,130 823,130 41, n o 12,380 44,®0§ 32,633 113,410 276,460 17,407,790 §4,§11,433 m jm i U m im i A a e o s is t 1 if*305 M n .n o 10*355 30#i l 5 , $ U w os 8 21,664,510 ! 1§,1S8 ! 43,118 , 33,320 s 22,640 l 1,731,310 s 74,163 i 23,3fS 8 89,175 8 18,490 i 1,109,080 »_ 114,26} i |8 5 , 191,348 §7,409,§43 8 181,807,230 s .. .515,740 8 li2 .3 9 4 .1 T 5 #4,084,010 385.740 $4,615,375 &i Gm 21 9m 45 2 , M 31,141 23,395 3 l eIIS 13,590 10? 4 0 0 H T ttttlT f LS24*430 i 1,300,096 S ,iM , TOO 229.143 s 1,291,473 t #29^4 7 9 #?,4©f,©45 $?*4©?.7$0 8 $25*191,345 Aa additions! 02BO2SS tU m m 4 ©£ 13-vogk MU© and an additions! $120*125 fetasoo®^ @2 26"»vsak M ile w ill feQ im m 4 to g©?ol@a institution© for ®0W O A th t j/ Equivalent eoupon"’llsu@ yitld.
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