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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Circular No. 10141 January 21, 1987 OFFERING OF TWO SERIES OF TREASURY BILLS $7,000,000,000 off 91=Bay Bills, To Be Issued January 29, 1987, Bee April 30, 1987 $7,000,000,000 off 182°Bay Bills, To Be Issued January 29, 1987, Due July 3®, 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 Department of the Treasury, by this public notice, invites tenders for two series of Treasury bills totaling approximately $14,000 million, to be issued January 29, 1987. This offering will result in a paydown for the Treasury of about $1,150 million, as the maturing bills are outstanding in the amount of $15,153 million. Tenders will be received at Federal Reserve Banks and Branches and at the Bureau of the Public Debt, Washington, D.C. 20239, prior to 1:00 p.m., Eastern Standard time, Monday, January 26, 1987. The two series offered are as follows: 91-day bills (to maturity date) for approximately $7,000 million, representing an addi tional amount of bills dated October 30, 1986, and to mature April 30, 1987 (CUSIP No. 912794 MH 4), currently outstanding in the amount of $7,809 million, the additional and original bills to be freely interchangeable. 182-day bills for approximately $7,000 million, to be dated January 29, 1987, and to mature July 30, 1987 (CUSIP No. 912794 MW 1). 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 January 29, 1987. 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 authorities, to the extent that the aggregate amount of tenders for such accounts exceeds the aggregate amount of maturing bills held by them. Federal Reserve Banks currently hold $1,894 million as agents for foreign and international monetary authorities, and $3,810 million for their own account. 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 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 . 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 JANUARY 22, 1987) MMCE W ACCEPTED b ills COMPETITIVE IXDls egtrying April 230 l §17 Diieeunt lnve§ti§nt tots 1/ cJM i= ^ Low mgh Average n 5.2 5.2U 5.36% 5,37* i> ,m : 2 i i D l® ceum I Rati $$.601 l 98.678 i ^ 0#?e i 5.23% 5.28X 5.2?% Piriee b l Ui gM£y?iBg_ _Juiy 13 > 19S7 Inv®®t®ent Ret® 1/ 5.45% 5.50% 5.40% H AM 17.356 97.331 97.336 Tender® at high dise©unfc sots f©r eh© l3»»ve©k M ile wer© ©Hotted 76%, Tesndero ot the high diieoynt m g for ehg bill® h@?@ allotted 6%, TENDERS RECEIVED AND ACCEPTED O fl ?b©ys&ndD) L egation R eceived A tla n ta C h ieigo i u L © yi§ H irm tep o H i t a e e e C ity D a llas |® n F f i f t e i s e o T reasury TOTALS 39 ,81 0 3 3 ,9 7 8 ,0 5 5 34,840 83 ,27 5 82 ,41 0 4 2 0S2S 2 ,0 6 3 ,1 4 0 4 1 ,60 0 2 2 P20 5 51 ,1* 0 30 ,92 6 1 ,6 8 3 ,3 0 0 3 2 3,3 25 1 3 7 ,4 6 4 ,4 6 6 A dopted i 39,760 6,2 2 7 ,2 7 0 33,840 4 1 p05 0 6 2 ,41 0 37,12 5 6 9 ,98 9 2^00 12,205 48 ,76 0 24,525 18 ,29 0 323,225 $ 7 ,02 0,765 S h C eap ifcitlve N o aeo ap etU iv a lubeat& i* P u b lie $ 3 4 o1 9 6 , 7 8 0 1 ,077 ,3 45 $ 3 5,2 74 > 12 5 $ 3 9? 3 3 0O65 1 ,077 ,3 45 $4 ,1 1 0 ,4 1 0 2 ,052 ,2 3$ 2 ,052 ,2 36 110 D100 8 3 7 ,4 8 4 ,4 6 0 158,100 $ 7 ,0 2 0 ,7 4 $ l§®£©fl ^©rk P h ila d elp h ia C leveland Ped® rsl R tte r v i $@ ro ip O ffic ia l Imt TOTAL! i ! / I ^ u iv e J tm eeu^§n®iB*ue y ie ld . i R®e®iv@d A§£©p£©d i $ 24 ,81 9 ; 2 S .6 S 1 .8 1 0 , 2 5 ,9 1 0 . 78 ,56 0 . 55*720 i 33 ,1 0 0 ! 1,461 ,6 25 o 3 4 s 91S i 2 7 ,76 5 , 40 ,71 5 ; 2 6 ,2 8 0 , 1 ,3 3 6 ,3 6 0 . 3 2 0,6 55 . $2 9,1 49 ,07 0 $ s $ 2 4 ,7 1 0 ,f»9 i ...... 8 4 0 , 4 7 5 . $2 5 ,6 2 1 ,4 7 0 §2*648*131 8 4 0,4 75 | 3 s4 0 fa 3 lO s 24 ,81 5 5 ,4 7 0 ,5 3 0 24 .11 0 I S 9 ISO 36 ,92 0 3 3 ei a o 57 9,921 19 ,15 5 2 7 ,76 5 40 .71 5 21 ,51 9 34 7 ,7 2 0 32 0,63$ $ 7 ,0 1 6 ,9 1 0 1 ,9 6 0 ,0 0 0 1,90 6 ,0 0 0 . 1 .6 2 7 ,6 0 6 1 $2 9 ,1 4 9 ,0 7 0 1,62 7 ,6 0 0 $ 7 ,0 1 6 ,9 1 0
@FedFRASER