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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent o f the United States Circular No. 10,©63 July 30, 1986 OFFERING OF TWO SERIES OF TREASURY BILLS $7,600,000,000 of 91-Day Bills, To Be Issued August 7, 1986, Due November 6, 1986 $7,600,000,000 off 182-Day Bills, To Be Issued August 7, 1986, Due February S, 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 D epartm ent o f the Treasury, by this public notice, invites tenders for two series of Treasury bills totaling approxim ately $15,200 million, to be issued August 7, 1986. This offer ing will provide about $1,025 million of new cash for the Treasury, as the m aturing bills are out standing in the am ount o f $14,186 million. Tenders will be received at Federal Reserve Banks and Branches and at the Bureau off the Public D ebt, W ashington, B .C . 20239, prior to 1:00 p.ira., Eastern Daylight Saving time, M onday, August 4, 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 May 8, 1986, and to m ature November 6, 1986 (CUSIP No. 912794 LJ 1), currently outstanding in the am ount o f $7,197 million, the additional and original bills to be freely interchangeable. 182-day bills for approximately $7,600 million, to be dated August 7, 1986, and to m ature February 5, 1987 (CUSIP No. 912794 LV 4). 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 of bills will be issued entirely in book-entry form in a minim um am ount 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 of the Treasury. The bills will be issued for cash and in exchange for Treasury bills m aturing August 7, 1986. In addition to the m aturing 13-week and 26-week bills, there are $8,778 million o f m atur ing 52-week bills. The disposition of 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 o f 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 . For purposes o f determining such additional am ounts, foreign and international m onetary authorities are considered to hold $1,626 million o f the original 13-week and 26-week issues. Federal Reserve Banks currently hold $1,726 million as agents for foreign and inter national m onetary authorities, and $5,217 million for their own account. These am ounts repre sent the combined holdings of such accounts for the three issues of m aturing bills. Tenders for bills to be m aintained on the book-entry records of the D epartm ent of the Treasury should be subm itted on Form PD 4632-2 (for 26-week series) or Form PD 4632-3 (for 13-week series). This Bank will receive tenders at the time indicated in the above notice at the Securities Depart ment o f its Head Office and at its Buffalo Branch. Tender forms for both series are enclosed. Please be sure to use them to submit tenders and return them in the enclosed envelope. Forms for submitting tenders directly to the Treasury are available from the Government Bond Division of this Bank. Tenders may not be submitted by telephone. Settlement must be made in cash or other immediately available funds or in maturing Treasury securities. Treasury Tax and Loan Note Option Depositaries may make payment for Treasury bills by credit to their Treasury Tax and Loan Note Accounts. A document containing the standard terms and conditions o f Treasury bill offerings may be obtained from the Circulars Division o f this Bank. Results of the previous weekly offering are shown on the reverse side of this circular. E. Gerald Co rrigan , President. (Over) RESULTS OF LAST WEEKLY OFFERING OF TREASURY BILLS (TWO SERIES TO BE ISSUED JULY 31, 1986) sym es a ? accepted COMPETITIVE 8X011 as°»a@ k t e m a i eofeaginRaeeeldg 36, 1916 Mo®©u®8 5 . 01* S»m §M% i 5 .®IK 6,04* 0 . 03* § 6 = ^ o k b lllQ tlM M t e© «% o X n v o o io o ir — B S tiL LOW sa g fc Aw oscgo s © 8.391 o 98.516 8 S8 .SS9 ( Ja n u a ry t L 198? I W o Q te Q B i ■ J iS a ^ B a*oJH ja m 6.111 ®?s©SS §.©@ s e .iri ® ? ,§ n 5 . 89* 6 . 1«* s.esg Tofitoo oc Ota Mih di»ceunt fate £@? 8h@ SS^eaak Milo «er« tUoetad I4Z. f taadsff® at « o bSgSi discount m e ist the 26=s»gk Mile « a - allotted 81*. fe ?se ha&M&n ¥©fk Phil&dalphii Hetodftl Atlm* Mlnn&Ap$Ui toiGa City @a&Ion toaoyry TOTAL! ftNOSE* RECEIVED AMD ACCEPTED ilu fheuoondo) &§© <£& 8 R*c«lvttd A€£<SPtad M eekM $ 34,790 22,918,983 29,023 35,205 43.IT0 §8,460 1,216,003 41,100 30,020 31,620 §7,725 1,223,710 — — S M i. 1 45 $ 34,796 6,717,115 23,825 35,205 43,870 38,460 49„9§S 29,100 28,220 53,620 32,715 197,416 326,413 t $ 32,620 ! 2S.946.960 i 21.015 s 33,663 ! 61,433 ! 44,500 i 1,'317,023 i 31,410 ! 87,185 t 88.143 i 31,605 i 999,785 . 373,743 625.557,330 $7,600,370 s *26,972,865 $7,610,960 14,612,605 „ 973,005 J!,585,610 s $22,991,120 i. . 131,848 i ISOT7B5J i 1,650,000 $3,626,815 g ~ k H M » fie fto $22,369,565 0§®poTIHve No&e$©p»titiv& ____973,0m Public *23,542,570 1,780,460 t&0Q?V© Feraifn . . 184,300 XasUtutioai $89,687,330 TOTAL! J/ lguiv»l<aag ©§«gen=le0«s® field. 1,700,660 234*300 $7,600,370 1.395,900 8 $I§,072,805 0 82,420 6 .4 4 9 ,0 0 0 2i,DlS § 2 ,6 9 0 44,045 61,100 418,929 i m i o 14,809 38,145 2 8 ,0 3 3 86,165 j m h 1 ,6 S O ,0 0 0 $7,610,160
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