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FEDERAL RESERVE BANK OF N E W YORK Fiscal Agent o f the United States 8423 Circutar No. September 20, 1978 T R E A S U R Y T O A U C T IO N $1,500 M IL L IO N OF 15-Y E A R 1-M O N T H B O N D S 7o A// anJ OfAers Concerned, ;n tAe Second Federa/ /?e^erve D^tnct. The following statement was issued yesterday by the Treasury Department: The Departm ent o f the Treasury will auction $ 1,500 million o f 15-year 1-m onth bonds to raise new cash. Additional amounts o f the bonds may be issued to Federal Reserve Banks as agents o f foreign and international monetary authorities at the average price o f accepted competitive tenders. Printed on the reverse side is a table summarizing the highlights of the offering. Copies of the official offering circular will be furnished upon request directed to our Government Bond Division (Tel. No. 212-791-6619). In addition, enclosed is a copy of the form to be used in submitting tenders. This Bank will receive tenders up to 1:30 p.m., Eastern Daylight Saving time, Wednesday, September 27,1978, at the Securities Department of its Head Office and at its Buffalo Branch. ^4P compet/t/ve teMcfers, whether transmitted by mail or by other means, must reach this Bank or its Branch by that time. However, for investors who wish to submit noncompetitive tenders and who find it more convenient to mail their tenders than to present them in person, the official offering circular provides that no/zcowpctft/vc tenders will be considered timely received if they are mailed to this Bank or its Branch under a postmark no /afer Bidders submitting noncompetitive tenders should realize that it is possible that the average price may be above par, in which case they would have to pay more than the face value for the securities. Payment may be made by personal check, or an official bank check, payable on its face to the Federal Reserve Bank of New York; cAecAs to r/tM PanA wP/ not Ac accepted. A personal check sub mitted with the tender, either as a deposit or for the face amount of the securities, does not have to be certified. However, in cases where only a deposit is submitted with the tender, a personal check submitted for the final payment must be certified. As provided in the official offering circular, "in every case where full payment is not completed on time, the deposit submitted with the tender, up to 5 percent of the face amount of securities allotted, shall, at the discretion of the Secretary of the Treasury, be forfeited to the United States." A recorded message (at the Head Office — Tel. No. 212-791-5823; at the Buffalo Branch — Tel. No. 716-849-5046) provides information about this and other Treasury offerings; additional inquiries regarding this offering may be made by calling, at the Head Office, Tel. No. 212-791-6619, or, at the Buffalo Branch, Tel. No. 716-849-5016 (If the inquiry relates to competitive tenders, however, the Head Office number to call is 212-791-5465.) PAUL A. VOLCKER, P re se n t. (Over) - HIGHLIGHTS OF TREASURY OFFERING TO THE PUBLIC OF 15-YEAR 1-MONTH BONDS TO BE ISSUED OCTOBER 10,1978 Amount Offered: To the p u b lic .......................................... $1,500 million Description of Security: Term and type o f se c u r ity ............... Series and C U S IP designation . . . 15-year 1-m onth bonds Bonds o f 1993 (C U SIP No. 912810 C D 8) Maturity d a t e ........................................ November 15, 1993 Call date .................................................. No provision Interest coupon r a t e ........................... To be determined, based on the average o f accepted bids Investment y i e l d ................................... T o be determined at auction Premium or d is c o u n t ......................... T o be determined after auction Interest payment d a te s...................... M ay 15 and November 15 (first payment on M ay 15, 1979) M inim um denomination available $ 1,000 Terms of Sale: Method o f sale ........................................................... Yield auction Accrued interest payable by in v e sto r ............. None Preferred allotment .................................................. Noncompetitive bid for $ 1,000,000 or less Deposit requirem ent................................................. 5 % o f face amount Deposit guarantee by designated institutions Acceptable Key Dates: Deadline for receipt o f te n d e r s ............................................................................................... W ednesday, September 27, 1978, by 1:30 p .m ., E D S T Settlement date (final payment due) a) Cash or Federal f u n d s ...................................................................................................... Tuesday,October 10, 1978 b) Check drawn on bank within FRB district where su bm itted ...................... Thursday, October 5, 1978 c) Check drawn on bank outside FRB district where s u b m it t e d .................... W ednesday, October 4, 1978 Delivery date for coupon securities....................................................................................... Tuesday, October 10,1978 Form BA IM P O R T A N T — C lo sin g tim e fo r r e c e ip t o f th is te n d e r is 1 :3 0 p .m ., W e d n e s d a y , S e p te m b e r 2 7 , 1978 T E N D E R FO R 15-Y E A R 1 M O N T H T R E A S U R Y BOND S OF 1993 Due N o v e m b e r 15, 1993 PRIVACY ACT STATEMENT — The individually identifiable information required on this form is necessary to permit the subscription to be processed and the securities to be issued. If registered securities are requested, the regulations governing United States securities (Department Circuiar No. 300) and the offering circutar require submission o f socia) security numbers; the numbers and other information are used in inscribing the securities and estabiishing and servicing the ownership and interest records. The transaction wit! not be compieted untess at) required data is furnished. D a te d O c t o b e r 10, 1 9 7 8 Dated at FEDERAL RESERVE BANK OF NEW YORK. Fisca! Agent o f the United States. NewYork. N Y. 10045 The undersigned hereby offers to purchase the above-described securities in the amount indicated below, and agrees to make payment therefor at your Bank on or before the issue date at the price awarded on this tender. D o no? /I// m 6o/A Cowpeanve and C O M P E T IT IV E T E N D E R $ ........................................................................ (maturity value) or any lesser am ount that may be awarded. Y i e l d : .......... NONCOM PETE! VE TENDER $ ........................................................................(maturity value) (/Vot to exceed #/.000.000 /or owe bidder tbroagb ad sources) at the average price o f accepted competitive bids. ( ft c /J must 6c expressed w M wot wore tAaw two decimal p/aces. /or examp/e. 7. / / ) Subject to allotment, please issue, deliver, and accept payment for the securities as indicated below and on the reverse side (t/ rc^t^fcrcJ .sccurt/tes arc r/estrcJ, p/easc a/so com p /e/e ^cAc^a/c on reverse j/t/e); Pieces $ 1,000 5.000 10.000 100.000 Ho)d as cottatera) for Treasury Tax and Loan A ccou n t*(7) D Specia) instructions (3) O Maturity value Payment wit! be made as follows: By charge to our reserve account (D) By cash or check in immcdiatc/v arai/ab/c /ivwds (F) By surrender o f maturing securities (E) *] By charge to my correspondent bank..................................................... (D) (Name of bank) Q Denomination Q Deliver over the counter to the undersigned (1) Q Ship to the undersigned (2) D Hold in safekeeping (for member bank oniy) in — D Investment Account (4) O Genera) Account (5) D Trust Account (6) Wire to 1.000.000 Totals ................................................................................................................................................................ ( 8) (Exact Receiving Bank Wire Address/Account) * The undersigned certifies that the aHotted securities wi!) be owned so!e!y by the undersigned. (If a comniercia) bank or deater is subscribing for its own account or for account o f customers, the foUowing certifications are made a part o f this tender.) W E H E R E B Y C E R T IF Y that we have not m ade and will not make any agreements for the sale or purchase o f any securities o f this issue prior to the closing time for receipt o f this tender. W E F U R T H E R C E R T IF Y that we have received tenders from customers in the amounts set forth opposite their names on the list which is made a part o f this tender, and that we have received and are holding for the Treasury, or that we guarantee payment to the Treasury, o f the deposits stipulated in the official offering circular. W E F U R T H E R C E R T IF Y that tenders received by us. if any, from other commercial banks or primary dealers for their own account, and for the account of their customers, have been entered with us under the same conditions, agreements, and certifications set forth in this form. NAME OF SUBSCRIBER (PLEASE PRINT OR TYPE) ADDRESS /fMerf /AM /ewt/er iw -specta/ enve/ope market/ CITY STATE ZIP "7ent/er /or Treasury M ) /M Or J O M $" &T % PHONE (INCLUDE AREA CODE) SIGNATURE OF SUBSCRIBER OR AUTHORIZED SIGNATURE TITLE OF AUTHORIZED SIGNER (Institutions submitting tenders for customer account must )ist customers' names on tines be)ow or on an attached rider) INSTRUCTIONS: 1. No tender for !ess than $1,000 wi[] be considered; and each tender must be for a mu)tip!e of $1,000 (maturity vaiue). 2. Only banking institutions, and dealers who make primary markets in Government securities and report daily to this Bank their positions with respect to Government securities and borrowings thereon, may submit tenders for customer account; in doing so, they may consolidate competitive tenders at tbe same and may consolidate noncompetitive tenders, provided a list is attached showing the name o f each bidder and the amount bid for his account. Others wit) not be permitted to submit tenders except for their own account. 3. Tenders wit! be received without deposit from commercia) and other banks for their own account, Federally-insured savings and toan associations. States, political subdivisions or instrumentahties thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central banks and foreign States, dealers who make primary markets in Government securities and report daily to the Federal Reserve Bank o f New York their positions with respect to Government securities and borrowings thereon, and Government accounts. Tenders from others must be accompanied by payment o f 5 percent o f the face amount o f the securities applied for. 4. Payment must be completed by October 10, 1978. If payment is by check drawn on a bank in this District, it must be received by October 5, 1978; checks drawn on a bank in another District must be received by October 4, 1978. All checks must be drawn to the order o f the Federal Reserve Bank o f New York; checks endorsed to this Bank will not be accepted. 5. I f the language o f this tender is changed in any respect that, in the opinion o f the Secretary o f the Treasury, is material, the tender may be disregarded. [Enc. Cir. No. 84231 (OVER) SUBSCR!PT!ON NO SCHEDULE FOR !SSUE OF REGiSTERED 15-YEAR 1-MONTH TREASURY BONDS OF 1993 DEUVERY tNSTRUCTtONS PAYMENT tNSTRUCTtONS SUBSCRIBER'S NAME. n ADDRESS _____________ Q S H IP TO SUBSCRIBER Q BY CHARGE TO OUR RESERVE ACCOUNT Q BY CASH OR CHECK IN DELIVER OVER THE COUNTER /M M E D /A T E L Y A V A IL A B L E FUNDS C ITY __________________ .ST A T E . n ZIP OTHER INSTRUCTIONS: SIG NAT URE. REGIST RATION NO. OF PIECES INSTRUCTIONS DEN0M. 30 CITY STATE TOTAL ZIP TR. CASE NO. 30 1,000 32 5,000 34 10,000 38 100,000 42 1,0 0 0 ,0 0 0 99 NAME(S) F O R F R B USE O N L Y 1,000,000 99 ADDRESS INTEREST COMP. DATE 100,000 42 ID O R S . S . NO. TOTAL ID O R S . S . N O. ADDRESS CITY STATE ZIP TR. CASE NO. 30 CITY 1,000,000 99 ZIP 100 ,000 42 STATE 10,000 38 ADDRESS 5,000 34 ID O R S. S . N O . 1 ,0 00 32 N A M E (S ) LOAN CODE OCTOBER 10, 1978 10,000 38 ISSUE AGENT 12 5,0 0 0 34 TRANS. ACCOUNTING DATE 1,000 32 NAM E(S) AMOUNT SERIAL NOS. (LEAVE BLANK) Q BY SURRENDER OF MATURING SECURITIES r i BY CHARGE TO MY CORRESPONDENT BANK F O R F R B USE O N L Y TOTAL TR. CASE NO. 1 1 0 -0 1
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