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FE D E R A L RESERVE OMSK OF MEW YORK Fiscal Agent of the United States Circular No. 101S1 February 18, 1987 OFFERING OF TWO SERIES OF TREASURY BILLS $6,6©©,©©©,TO® ©ff 91-Oay Mis, T© Be Issued February 26, 1987, Dime May 2$, 1987 $6,6©©,©®©,©©© ©ff 182-Oay Bills, T© Be Issued February 26, 1987, Pune August 27, 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 $13,200 million, to be issued February 26, 1987. This offering will result in a paydown for the Treasury of about $2,650 million, as the maturing bills are outstanding in the amount of $15,850 million. Tenders will toe received at Federal Reserve Banks and Brandies and at tie Bureau ©ff the Public Debt, Washington, D„C. 2©239, prior to 1:0© p.m., Eastern Standard time, Monday, February 23, 1987. The two series offered are as follows: 91-day bills (to maturity date) for approximately $6,600 million, representing an addi tional amount of bills dated November 28, 1986, and to mature May 28, 1987 (CUSIP No. 912794 MM 3), currently outstanding in the amount of $8,028 million, the additional and original bills to be freely interchangeable. 182-day bills for approximately $6,600 million, to be dated February 26, 1987, and to mature August 27, 1987 (CUSIP No. 912794 NA 8). 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 Department of the Treasury. The bills will be issued for cash and in exchange for Treasury bills maturing February 26, 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 $2,188 million as agents for foreign and inter national monetary authorities, and $4,153 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 Department 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 BILLS (TWO SERIES TO BE ISSUED FEBRUARY 19, 1987) ^ANGE Of ACCEPTED COMPETITIVE BIDS: 13-week bill® BfltuFiflS May 21, 1987 Discount Investment fe to Lew High Av«ragg 5,63% 5,67% 5.66% If 5,81% 5,131 5,12% Tenders at £h@ high discount Tender© at the high discount f ’g je o : 26~fcm®k b i l l s § gfltuy&ng Augygfc 20, 1987 * Discount ? i&®£@ 98,572 8 98,567 * 98,369 : Investment. 5.68% 5,70% 5,70% R a te 5,93% 5.95% 5,95% 1/ P r ic ® 97,128 97,118 97,118 £©? the I3°^e®k bills wer® Allotted 85%, for fch® 26 ~ ^ ® R bills allotted 65%* TENDERS RECEIVED AND ACCEPTED (In Thousand©) Location ©o®ton New Tork Philadelphia Cleviloni M thEmi Atlanta Chicago It, L@uis Mi nneipolie Ranga® City DalUi San frahciico Treasury TOTALS ISH. Comp®titive Noncompetitive Subtotalo Public federal Rsserv® Foreign Official Institution® TOTALS Recelved Accepted * Received f : $ 34*170 0 24*378,620 25,490 9 a 22,930 9 8 71,185 1 47,625 1,698,640 * * 45,300 * : 27,055 49,285 26,290 1,513,803 292,205 $ 26,170 5,606,620 23,490 22 S93Q 41 s>185 47,625 71,890 25*500 17*605 49,285 16,290 392*055 292 s205 $28,237,800 $6*612 5BS0 $24,259,915 837.085 4 f t ^257097,000 12*654*965 837*085 $3,492,050 Accepted $ 4?,195 36,294,133 37 024S 545J70 65,010 «i„oio 1,320^245 4S.415 21,190 57,480 40,010 1,481,145 294,535 $30,299,403 1 39,195 5,628,545 36,245 53,760 45 O010 4i*oio 64„ISO 25,413 11,550 37,480 30 p6lO 272,545 294,533 $6,600,080 $26,157,275 1,089,820 $27,947,095 13,157,950 1,089,820 $4 *247 ,>770 2,218,810 2*216*610 £ 2sOQO0QO® l *000D000 131D700 135,700 0 0 1,140,800 1,140,800 $30,299,403 $6,600,080 t 128,237,800 $6,632,150 y E^wSvai^ftl eoupon-liiu© ^£©110 9#t 9
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