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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States ‘/i’ > o Circular No. 10,053 July 2, 1986 OFFERING OF TWO SERIES OF TREASURY FILLS $7,4®®,©©©,®®® off 91-Bay Bills, To Be Issued Judy 1®, 1986, Due October 9, 1986 $7,4©©,©©®,©®© off 182=IDay Bills, To Be Issued July 1®, 1986, Due Jamiuiary 8, 1987 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 Departm ent of the Treasury, by this public notice, invites tenders for two series of Treasury bills totaling approximately $14,800 million, to be issued July 10, 1986. This offering will provide about $300 million of new cash for the Treasury, as the m aturing bills are outstand ing in the am ount of $14,500 million. Tenders will be received at Federal Reserve Banks and Branches and at the Bureau off the Public Debt, W ashington, D .C. 20239, prior to 1:00 p.m ., Eastern Daylight Saving time, M onday, July 7, 1986. The two series offered are as follows: 91-day bills (to m aturity date) for approximately $7,400 million, representing an addi tional am ount o f bills dated April 10, 1986, and to m ature October 9, 1986 (CUSIP No. 912794 LF 9), currently outstanding in the am ount of $7,039 million, the additional and original bills to be freely interchangeable. 182-day bills for approximately $7,400 million, to be dated July 10, 1986, and to mature January 8, 1987 (CUSIP No. 912794 LR 3). The bills will be issued on a discount basis under competitive and noncompetitive bidding, and at m aturity 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 am ount of $10,000 and in any higher $5,000 multiple, on the records either o f the Federal Reserve Banks and Branches, or of the D epart ment of the Treasury. The bills will be issued for cash and in exchange for Treasury bills m aturing July 10, 1986. In addition to the maturing 13-week and 26-week bills, there are $8,514 million o f m aturing 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 of accepted competitive tenders. Additional am ounts of 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 am ount of m aturing bills held by them. For purposes o f determining such additional am ounts, foreign and international m onetary authorities are considered to hold $1,655 million of the original 13-week and 26-week issues. Federal Reserve Banks currently hold $1,755 million as agents for foreign and inter national m onetary authorities, and $5,448 million for their own account. These am ounts repre sent the combined holdings of such accounts for the three issues o f m aturing bills. Tenders for bills to be m aintained on the book-entry records of the Departm ent o f 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 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 o f this Bank. Results of the previous weekly offering are shown on the reverse side of this circular. ,r < i ■ > / E. G e r a l d Co r r ig a n , President. (Over) RESULTS OF LAST WEEKLY OFFERING OF TREASURY FILLS (TWO SERIES TO BE ISSUED JULY 39 1986) c o t @ @p m m t m b c o m m m n & te l>*Vtik l i l t s 8 8 ® « rao h f e m e ' g W iU M M w F K w io iiQ e i t J a l i u 0—i t £ j — cm m . JJ M 9.0§s A v e ra g e ®,i4* m ,m 6 .1 8 * 6,r n 9 ® „.S S 0 8 . S IS q ^ a A 198? U^U qo ¥ bg Ug'“ ......^ U i L s 6 .0 0 * 0°998 8 1 |h W b m m h ic i § 0§& & §0 m t n . m # .i4 i § o iig i i ei n g/ fesgope&sig a soaaoi? eg eS88o §0 @ F o & t e o g £ t h e h i g h lio c& im fc m e ih a M U i vara a l i f t e d fender® i t the high Jlteeunt mm 2m the S a-m k blU § mm all&tteg 4§ge u m m r n tm t m m o III* fheuiaftd®) Lectticn Icccivod U m km § t o f§r& P h ila d e lp h ia c ia v e la n d ■figfiaafeaf. JS,2?S 19,842,133 30,033 * 38,275 3,461,733 30,035 .1,373 <binm m , i $s A & lapfea ©h&gao@ G to t o & o m D m s ? , 2 is i?,8so 32,370 37,40$ i , 437,919 ____ m m m #23,313,110 Ittiibeipolie EoSrsGao © t o Dallaa SGP F ffS B g lie © fre a iu rf TO TAL! m 0m 31,913 1.9,163 81,113 13,400 s 2„ m sa6gss 1,176,715 Sfl|„360 #7,400,360 8 Mm 8 | §e,g§* » 10 l §00 SIS i 81,000 i 43.720 8 SM7J 3 1,436,940 8 13,190 8 i? ,ig e 8 sa„6ss 9 27.373 .13,79* i 8 _ JM JM 8 $2$ ,111,730 $7,411,001 8 *10 •396,310 § 5 IM S ! M ilJ S I 1 0 ,1 1 $ 2S»ooo m jm 3 1 ,4 7 1 W ,1 3 $ 14,110 2 4 ,6 ? $ 2 4 7 ,0 1 1 te o $g§88 .§ (®S9 C bap© W H ?t 1,890,019 1,890,010 § 1,§10,000 131,383 §7,.00,360 8 M I S 63 © ffie iil In itity f c ie s i® TOTAL! ^ a Hff i « 0S IS »b 90 0 0 fig If Federal t e e e m WfSfcyff C> £ 2 S u & t@ til& P u b lic #4,336,133 1,043,030 WTIYF^U 131,38* 823,313,110 HeaCQRpttltlV# W , 5 1 l thoueand @2 Dntteb M il© aai 6® i m ^ iE a S E $7,411,001 $4§u@|g fthoueand ®g i 6*i#eak b llle M M lo i§®yed ta f@r#t|n o ffic ia l l&etifeutloa® 2m s o t? aootijc. «£/ c o u p o a ^ la a u a f i e l d . ill,
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