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FEDERAL [RESERVE BANK OF MEW YORK Fiscal Agent of the United States Circular No. 1(0)1! February 25, 191 OFFERING OF TWO SERIES OF TREASURY FILLS $6,600,000,00© ©ff 91-Bay Bills, T© Be Issued March 5, 19S7, Dine dime 4, 19$7 $6,600,000,000 ©I l§2°Day Bills, T© Be Issued March 5, 19S7, Die September 3, 19S7 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 March 5, 1987. This offering will result in a paydown for the Treasury of about $2,675 million, as the maturing bills are outstanding in the amount of $15,870 million. Teniers will be received at Federal Reserve Banks and Branches and at the Bureau ©ff the Public Debt, Washington, D.C. 2(0)239, prior t© 1“©© p„m„, Eastern Standard time, Monday, March 2, 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 December 4, 1986, and to mature June 4, 1987 (CUSIP No. 912794 MN 1), currently outstanding in the amount of $8,025 million, the additional and original bills to be freely interchangeable. 182-day bills (to maturity date) for approximately $6,600 million, representing an addi tional amount of bills dated September 4, 1986, and to mature September 3, 1987 (CUSIP No. 912794 NB 6), currently outstanding in the amount of $9,512 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 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 March 5, 1987. Tenders from Federal Reserve Banks for their own account and as agents for foreign and inter national 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 $1,854 million as agents for foreign and inter national monetary authorities, and $4,224 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 2 6 , 1987) a » e m A c c im o Competitive ixbsi J8°«s® te M i l l S B bills I= aek isggafl toy M i !§S5 D aeas-lB A A « u o 6 8 7 , 19 1? H oeSSs lavessaosit IU« tew S igh A vtraga fin d tti T tn d tn §»S?g i>o6 LE § .6 0 8 a£ ns th l h ig h % h ig h M 3 .1 2 1 3 ,1 6 1 9 ,8 8 3 A tlan ta St® t a i l s M £ n fl§ § f^lt§ t o o o o easi? 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