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FEDERAL RESERVE BANK
OF NEW YORK
Fiscal Agent o f the United States
Circular No. 10,099
N o v e m b e r 5 , 1986

OFFERING OF TWO SERIES OF TREASURY FILLS
$8,000,000,00© off 91-Day Fills, To Be Issued November 13, 1986, Due February 12, 1987
$8,000,000,000 off 182-Day Bills, To Be Issued November 13, 1986, Due May 14, 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 $16,000 million, to be issued November 13, 1986. This
offering will provide about $3,400 million of new cash for the Treasury, as the m aturing bills
are outstanding in the am ount of $12,589 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 Standard time, M onday, November 10, 1986.
The two series offered are as follows:
91-day bills (to m aturity date) for approximately $8,000 million, representing an addi­
tional am ount of bills dated August 14, 1986, and to m ature February 12, 1987 (CUSIP No.
912794 LW 2), currently outstanding in the am ount of $5,537 million, the additional and
original bills to be freely interchangeable.
182-day bills (to maturity date) for approximately $8,000 million, representing an addi­
tional am ount of bills dated May 15, 1986, and to mature May 14, 1987 (CUSIP No. 912794
MK 7), currently outstanding in the am ount of $9,264 million, the additional and original
bills to be freely interchangeable.
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 minimum am ount of $10,000 and in any higher $5,000
multiple, on the records either of 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 November 13,
1986. 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 amounts 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 of tenders for such accounts exceeds the aggregate am ount of m aturing
bills held by them. Federal Reserve Banks currently hold $1,115 million as agents for foreign
and international m onetary authorities, and $3,812 million for their own account. Tenders for
bills to be m aintained on the book-entry records of the Departm ent 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 time indicated in the above notice at the Securities D epart­
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. 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 NOVEMBER 6, 1986)

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