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FEDERAL RESERVE BANK
OF MEW YORK
Fiscal Agent of the United States
("circular No. 10,§921
[^October 22, 1986J
OFFERING OF TWO SERIES OF TREASURY BILLS
$7,8®®,®®®,®®® ©ff 91-Oay Bills, T© Be Issie i ©ctolber 3®, 1986, Dm© January 29, 1987
$7,8©©,®®®,©®® ©ff l§2“Day Bills, T© Be Issued October 3®, 1986, Dme April 3®, 1987
To A ll Banking Institutions, and Others Concerned,
in the Second Federal Reserve District:
The follow in g notice has been issued by the Treasury Departm ent:
The Department of the Treasury, by this public notice, invites tenders for two series of
Treasury bills totaling approximately $15,600 million, to be issued October 30, 1986. This
offering will provide about $500 million of new cash for the Treasury, as the maturing bills are
outstanding in the amount of $15,100 million. Tenders will be received at Federal Reserve
Baraks arad Brandies and at the Bureau off the Public Debt, Washington, D.C. 20239, prior to
1:0® p„m„, Eastern Standard time, Monday, October 27, 1986.
The two series offered are as follows:
91-day bills (to maturity date) for approximately $7,800 million, representing an addi
tional amount of bills dated July 31, 1986, and to mature January 29, 1987 (CUSIP No.
912794 LU 6), currently outstanding in the amount of $7,312 million, the additional and
original bills to be freely interchangeable.
182-day bills for approximately $7,800 million, to be dated October 30, 1986, and to
mature April 30, 1987 (CUSIP No. 912794 MH 4).
The bills will be issued on a discount basis under competitive and noncompetitive bidding,
and at maturity their par amount will be payable without interest. Both series of bills will be
issued entirely in book-entry form in a minimum amount of $10,000 and in any higher $5,000
multiple, on the records either of the Federal Reserve Banks and Branches, or of the Depart
ment of the Treasury.
The bills will be issued for cash and in exchange for Treasury bills maturing October 30,
1986. In addition to the maturing 13-week and 26-week bills, there are $8,316 million of matur
ing 52-week bills. The disposition of this latter amount was announced last week. Tenders from
Federal Reserve Banks for their own account and as agents for foreign and international
monetary authorities will be accepted at the weighted average bank discount rates of accepted
competitive tenders. Additional amounts of the bills may be issued to Federal Reserve Banks, as
agents for foreign and international monetary authoritie, to the extent that the aggregate
amount of tenders for such accounts exceeds the aggregate amount of maturing bills held by
them. For purposes of determining such additional amounts, foreign and international
monetary authorities are considered to hold $2,880 million of the original 13-week and 26-week
issues. Federal Reserve Banks currently hold $3,030 million as agents fQr foreign and inter
national monetary authorities, and $5,585 million for their own account. These amounts repre
sent the combined holdings of such accounts for the three issues of maturing bills. Tenders for
bills to be maintained on the book-entry records of the Department of the Treasury should be
submitted on Form PD 4632-2 (for 26-week series) or Form PD 4632-3 (for 13-week series).
This Bank will receive tenders at the tim e indicated in the above notice at the Securities D epart
m ent o f its H ead O ffice and at its B uffalo Branch. Tender form s for both series are en closed. P lease be
sure to use them to subm it tenders and return them in the enclosed en velope. Form s for subm itting
tenders directly to the Treasury are available from the G overnm ent B ond D ivision o f this B ank.
Tenders m ay not be subm itted by teleph on e. Settlem ent m ust be m ade in cash or other im m ediately
available funds or in m aturing Treasury securities. Treasury Tax and L oan N o te O ption D epositaries
m ay m ake paym ent for Treasury bills by credit to their Treasury Tax and L oan N o te A ccou nts.
A docum ent containing the standard terms and conditions o f Treasury bill offerings m ay be
obtained from the Circulars D ivision o f this Bank. Results o f the previous w eekly offerin g are show n
on the reverse side o f this circular.
E. G e r a l d C o r r ig a n ,
President.
(Over)
RESULTS OF LAST WEEKLY OFFERING OF TREASURY BILLS
(TWO SERIES TO BE ISSUED OCTOBER 23, 1986)
iunge §9 acciptio
COMPBtmvB @SȤ8
M lv tiM
Dlaaount
*Me
Uw
fii|h
Amsago
M ils
January 2 2 , 1917
Invtifeaeafc
fe«e 1/
Prlca
5,431
1 , 40 *
9.308
s . 4 ss
§
gl-^atk M ile
April 2 3 , m y
Discount Invaataanfc
§
trie*
Bits.. i /
?#»« .
8
8
m zuHm
9 Q,s$s
8
0 8 .MO
i
I
i , 37 *
1 . 39 *
5.391
high
gate
tho l3-w»*k 'balls
Taftdiif® as £t*<a hfigh 6S@e&uat rail £§£ eha 26-wtik feUi@
5 . 60 S
».« 2x
§ .m
17.283
!?.§?§
0 ?et?S
all@£gg^ isfc,
m %? q
0 li§£fea|
TSHDEK6 fcECElVED £M ACCEPTED
(£a Thauianda)
Location
®0®tOtt
Mw York
Philadelphia
€1gvoland
UlcteQfii
Atlanta
Qhlmg©
§£&t@y£o
MRsempMSo
Manses
Dallas
§ m F?Gh€io§§
T?$aaury
TOTAL!
Typt
Co«p(iii££ve
lieacoapatitivo
Subtotal $ Public
Fadaroi ieiarvi
Poraiga Official
Institution*
TOTAL!
s
tacSiVOd
U siia i
AegsstGi
9 36,440
6,731,430
29.869
90,173
*7,730
37.340
99,970
l l flSSS
io. sio
39,679
29,470
68,303
- .333,340
97,341,9*3
* 8
IS,029
» 20,216,133
I
13,009
i
aa,o£o
s
«
n tm
i
1,374,831
8
3M7S
t
19,200
e
39,123
t
2t,«09
t
i.m .io o
i
*» h m
* 333,191,029
1 18,023
6*571,0*5
13,008
23.03©
33,310
22,078
1*3,718,993
»„09S,739
IMIS,4O0
§§8nS!§
$3*313,flO
1,993*733
l 819,480.303
s
7 3 4 .0 4 0
« 020,280,628
i
1,700,00©
9$,833,983
-J M M
§4,SS?,0§8
1.700,000
§27,949,010
__J1U 02
17.341,949
» .J y u lIM fit
» 33$,191,829
1.371,200
$7 *3 2 1 , 1 2 3
$
m , mg
aS,034,719
3 0 ,0 1 1
50,173
S§„9£§
40,140
1,347,8*5
37.69S
ae.sie
§?,6&S
It,470
887,308
=_HJUJM
883,949,010
$24,728,433
y BqyiviXsttl ©oupdn-iiiy® yi*M«
m ,m
11,471
i§,860
31977®
ie,*09
226,16®
07.8ia.829
68^4
@FedFRASER