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FEDERAL RESERVE BANK OF MEW YORK Fiscal Agent of the United States Circular No. 10,(0104 July 9, 1986 OFFERING OF TWO SERIES OF TREASURY FILES $7,400,000,00© ©ff 914My Bills, T© 1© I§§M©dl July 17, 19$(5, P m© October 1(5, 19S(5 ^7940©9©(D)(0)9©(D)©©ff lS2°Day Bills, T© B© IssM©d July 17, 190(5, D m©January IS, 1907 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 17, 1986. This offering will provide about $100 million o f new cash for the Treasury, as the m aturing bills are outstand ing in the am ount of $14,698 million. Tenders will be received at Federal Reserve Banks and Branches and at the Bureau of the Public D ebt, W ashington, B .C . 20239, prior to 1:00 p.m ., Eastern Daylight Saving time, M onday, July 14, 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 of bills dated April 17, 1986, and to m ature October 16, 1986 (CUSIP No. 912794 LG 7), currently outstanding in the am ount o f $7,039 million, the additional and original bills to be freely interchangeable. 182-day bills for approximately $7,400 million, to be dated July 17, 1986, and to mature January 15, 1987 (CUSIP No. 912794 LS 1). Accou> 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 m ent of the Treasury. The bills will be issued for cash and in exchange for Treasury bills m aturing July 17, 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 of accepted competitive tenders. A dditional am ounts 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 am ount o f tenders for such accounts exceeds the aggregate am ount o f maturing bills held by them . Federal Reserve Banks currently hold $1,510 million as agents for foreign and international m onetary authorities, and $3,450 million for their own account. Tenders for bills to be m aintained on the book-entry records o f the Departm ent of the Treasury should be sub mitted on Form PD 4632-2 (for 26-week series) or Form PD 4632-3 (for 13-week series). This Bank will receive tenders at the time indicated in the above notice at the Securities Depart ment o f its Head Office and at its Buffalo Branch. Tender forms for both series are enclosed. Please be sure to use them to submit tenders and return them in the enclosed envelope. Forms for submitting tenders directly to the Treasury are available from the Government Bond Division of this Bank. Tenders may not be submitted by telephone. Settlement must be made in cash or other immediately available funds or in maturing Treasury securities. Treasury Tax and Loan Note Option Depositaries may make payment for Treasury bills by credit to their Treasury Tax and Loan Note Accounts. A document containing the standard terms and conditions of Treasury bill offerings may be obtained from the Circulars Division o f this Bank. Results of the previous weekly offering are shown on the reverse side of this circular. E . G e r a l d Co r r ig a n , President. (Over) RESULTS OF LAST WEEKLY OFFERING OF TREASURY BILLS (TWO SERIES TO BE ISSUED TOLY 10, 1986) SASiei ACCEPTED coM Pgm m i i m i W LOW High Avtfige 13-week b ills Oefeeber 9* 1116 oiiseunt J a v e tte m OQSo Prie©-3 _ J a £ s J jL <y^': 3,141 98.324 #.01% golgg 08.310 5.85* 6.021 @@,sn & , m % 1 26-week bill® i i^turinfi Ip 1117 ? Pieeouht lovestn.nt 8 -Sat ® ..toW .A/.. M M 8 S.ISg 87.018 8 5.861 9?,037 6.12E 6.111 8 s .m 92.043 ftad©ft at eihD high rate fey feho 13-*$*etk Mile m m t o t e o ofe %M high diecount rate !©? the 26-week b i l l § m m a llo tte d H%° mm% m r e c e iv e d m Cli theusind#) ■MsaMaa. 80 ®fcCn Y§£k Philadelphia Cleveland $ 184,136 26 , 257,950 2M 15 75,705 42,700 41,805 2, U i , i l 5 44,030 3335 3? dMS 31423 2 , 018,831 Atiant# Ghie&g® ito L®yiB Minneapolis ISlniS® &anai S&n f?ahe£©e© Treasury TOTALS m ia s . $3 a»268 „3®8 ConpaidUve $28 , 260 t4»0 Subtotal, Public Federal Reierv® Foreign Institution© TOTALS t 29 , 32M 00 1, 698,235 235 J 0 Q g3 A.a6 a.S 35 1/ Equivalent coupon-leave p£®id k<te<aiv§d \ M asnat, $ 3 M 10 6 , 310,371 24,915 ! $ 13®,780 19, 230,833 21,713 31 , 27! SOs4?0 39,720 1 . 929,755 ao. ooo 23,643 n .m 39.975 342,665 20,610 i 2 ,S0S 57 >345 34,125 S3 pI35 §50,115 s s , i ! 10,233 1, 448,120 394,100 114,003 8 , 816,393 21,793 I J , 27S S0 eOlO 89,030 i l l e3 S5 ^6*160 23,545 § 3 oi ^0 IS , 913 210,360 304,360 $7 , 442,160 8 $23 , 432,310 $ ? , 41 ®,S9 S $4 , 460,135 . 1, 067.910 ISTfSly&SI $ 19 , 640,890 1 , 028,400 * ts ir fs O w $ s „ g g § ,m 1 . 02 S ,400 1, 688 , m 831»@06 $?„6« , 18e 8 i 8 8 8 8 8 66.120 8 8 i 1 , 630,000 1 , 430,000 « _ M M 4 Sfi i 123 , 482,890 1 . 113,100 $ 7 , 410,403
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