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FEDERAL RESERVE BAMK OF MEW YORK Fiscal Agent of the United States Circular No. 10,059 July 23, 1986 OFFERING OF TWO SERIES OF TREASURY BILLS $7,6®®,®®®,®®® off 91-Dey Bills, To Be Issued July 31, 1986, Due October 3®, 1986 $7,6®®,®®®,®®® off 182-Day Bills, To Be Issued July 31, 1986, Due January 29, 1987 To All 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 approxim ately $15,200 million, to be issued July 31, 1986. This offering will provide about $850 million o f new cash for the Treasury, as the m aturing bills are outstand ing in the am ount of $14,341 million. Tenders will be received at Federal Reserve Banks and Branches and at the Bureau of the Public Debt, W ashington, D .C. 20239, prior to 1:00 p.m ., Eastern Daylight Saving time, M onday, July 28, 1986. The two series offered are as follows: 91-day bills (to m aturity date) for approxim ately $7,600 million, representing an addi tional am ount o f bills dated October 31, 1985, and to m ature October 30, 1986 (CUSIP No. 912794 KS 2), currently outstanding in the am ount of $15,639 million, the additional and original bills to be freely interchangeable. 182-day bills for approxim ately $7,600 million, to be dated July 31, 1986, and to m ature January 29, 1987 (CUSIP No. 912794 LU 6). The bills will be issued on a discount basis under competitive and noncom petitive bidding, and at m aturity their par am ount will be payable without interest. Both series of bills will be issued entirely in book-entry form in a m inimum am ount of $10,000 and in any higher $5,000 multiple, on the records either of the Federal Reserve Banks and Branches, or o f the D epart ment of the Treasury. The bills will be issued for cash and in exchange for Treasury bills m aturing July 31, 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. Additional 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 of tenders for such accounts exceeds the aggregate am ount of m aturing bills held by them. Federal Reserve Banks currently hold $1,809 million as agents for foreign and international m onetary authorities, and $3,427 million for their own account. Tenders for bills to be m aintained on the book-entry records of the D epartm ent of the Treasury should be sub mitted on Form PD 4632-2 (for 26-week series) or Form PD 4632-3 (for 13-week series). This Bank will receive tenders at the time indicated in the above notice at the Securities Depart ment of its Head Office and at its Buffalo Branch. Tender forms for both series are enclosed. Please be sure to use them to submit tenders and return them in the enclosed envelope. Forms for submitting tenders directly to the Treasury are available from the Government Bond Division of this Bank. Tenders may not be submitted by telephone. Settlement must be made in cash or other immediately available funds or in maturing Treasury securities. Treasury Tax and Loan Note Option Depositaries may make payment for Treasury bills by credit to their Treasury Tax and Loan Note Accounts. A document containing the standard terms and conditions of Treasury bill offerings may be obtained from the Circulars Division of this Bank. Results of the previous weekly offering are shown on the reverse side of this circular. E. Gerald Corrigan , President. (Over) RESULTS OF LAST WEEKLY OFFERING OF TREASURY EILLS (TWO SERIES TO BE ISSUED JULY 24, 1986) s u m of AQ om m COMPETITIVE l l P l i li-m tu n iu » I j M f i f l i , Oc t o b e r 23 > 1986 W i H u n t T S f i g t i i a f e ........... _ Mi™™ .. .Itottt 1/ 8.70* */ SaOSE Low 9*72$^ S.B8S Sigh s.7as s.@§* Average a/ E*&epfcing ! t e n t e ©f |32}0eOO. u iu 8 M t u g if t g Jasay a ? y | g f |$ g ? t f £>srle@ 8 0S.$S9 « 91.594 i 91.534 1 Pat® S.708 5.7?* 5.771 JtaM 8/ §»02g §*§S£ §,©!£ HMS, 97.088 floO ll l?oO§3 *««d«9 at th § high d l seount rsts far th© ll~s*eik b i l l s w re a llo tte d ?3lo Tenders at the high discount m e tot the I6«i#tek MU® allotted 43$, TINDERS HCEI^IS AKD ACCEPTED (In Thoufttndi) E©e§iv©d 3 Accepted location loitOn Hew Verk, Philadelphia Cleveland Mehaofid Atlanta Ohieifd S t. l©y£& Ninaespolifi Manias C4&> $ Sallae Sen Prehciice Ttossugy TOTALS £aa ©a«pt8ti«.sh>8 Koseo®p@titivs S u btotal t Public 1 Reserv® Foreign O ffic ia l In stitu tio n s TOTALS y Iq u iv slo n t $ 36,895 25 , 53 Sfl?§S 30,115 50,465 53,230 39,705 1 , 348,035 40 & 670 S8 04@8 y §, 11 o 41,460 1 , 1) 1.160 1 36,895 6 , 671,370 3?,450 44,235 S3.230 36 $703 123,535 21,670 8,485 82,055 31,460 147,100 1 $ SO, 860 « 28 , 127,480 s 22,060 1 27 »175 f 58,870 % i f t < s l i S 0 P 45,165 7 , 368,070 38 »925 25,205 43,758 28,413 § 58,330 3 F9 B IS @ Accented 0 30,940 6 . 677,700 22e§60 27,175 i s 0» 42,185 63,280 22,825 IS , 80S 3 *,?ao 19,411 i &*060 ^ JM M k 128 , 773,810 $ 7 , 616,255 I $ 11 , 054,705 _M M U $7 , 115,950 $2S,S?l»S 6i $4 , 721,160 a 0 $3 , 795,365 882,010 812,010 n r J C fff 2 i* iP a . w m f m 1 *747*135 1 , 747,133 1S6 . 0 D 0 160*000 $28 »77 M 10 $7 , 616,285 y ield § 27 , 214,120 922 , 41,1 5 i FSiTTSITSoJ 3 1 , 700,000 t * « W » 1 , 700,000 1 , 218,100 1 , 211,100 § $ 31 , 054,705 17 , 631 , MS 8
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