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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Circular No. 8472 December 14, 1978 T R E A S U R Y T O A U C T IO N 2 -Y E A R A N D 4 Y E A R N O T E S T O T A L IN G $ 5 ,0 0 0 M IL L IO N T o /U / BawA/wg m lAe awB O f f e r s C o n ce rn e d , FeBera/ BMcrve Dufncf. The following statement was issued yesterday by the Treasury Department: The Department of the Treasury will auction $2,500 million of 2-year notes and $2,500 million of 4-year notes to refund approximately the same amount of notes maturing December 31, 1978. The $5,006 million of maturing notes are those held by the public, including $1,006 million currently held by Federal Reserve Banks as agents for foreign and international monetary authorities. In addition to the public holdings, Government accounts and Federal Reserve Banks, for their own accounts, hold $887 million of the maturing securities that may be refunded by issuing additional amounts of the new notes at the average prices of accepted competitive tenders. Additional amounts of the new securities may also be issued at the average prices for new cash only, to Federal Reserve Banks as agents for foreign and international monetary authorities. Printed on the reverse side is a table summarizing the highlights of the offerings. Copies of the official offering circulars will be furnished upon request directed to our Government Bond Division (Tel. No. 212-791-6619). In addition, enclosed are copies of the forms to be used in submitting tenders. This Bank will receive tenders at the Securities Department of its Head Office and at its Buffalo Branch up to 1:30 p.m., Eastern Standard time, on the dates specified on the reverse side of this circular as the deadlines for receipt of tenders. /I// competitive tenders, whether transmitted by mail or by other means, must reach this Bank or its Branch by that time on the specified dates. 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 for each offering provides that noncompetitive tenders will be considered timely received if they are mailed to this Bank or its Branch under a postmark no later than the date preceding the date specified for receipt of tenders. 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; c/iccA;^ emforscif to t/nls RanA: wi7/ not 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, Pre-sideM?. (Over) HIGHLIGHTS OF TREASURY OFFERINGS TO THE PUBLIC OF 2 YEAR AND 4 YEAR NOTES TO BE ISSUED JANUARY 2,1979 (De/tvery dafeybr coupon sectvr:fte.y tls Vanna/y 5, 1979) 2 - Y e a r N otes 4 -Y e a r N otes $2,500 miiiion $2,500 miiiion Term and type of security...................... 2-year notes 4-year notes Series and CUSIP designation............. Series W-1980 (CUSIP No. 912827 JG8) Series L-1982 (CUSIP No. 912827 JH6) Maturity date........................................... December 31, 1980 December 31, 1982 Caii date................................................... No provision No provision interest coupon ra te .............................. To be determined, based on the average of accepted bids To be determined, based on the average of accepted bids investment yieid....................................... To be determined at auction To be determined at auction Premium or discount.............................. To be determined after auction To be determined after auction interest payment dates.......................... June 30 and December 31 June 30 and December 31 Minimum denomination avaiiabie. . . . $5,000 $1,000 Method of saie......................................... Yieid auction Yieid auction Accrued interest payable by investor.. None None Preferred aiiotment................................ Noncompetitive bid for $1,000,000 or iess Noncompetitive bid for $1,000,000 or iess Deposit requirement.............................. 5% of face amount 5% of face amount Acceptable Acceptable T u esd ay, D ecem b er 19, 1978 W ed n esd ay, D ecem ber 2 0 , 1978 A m o u n t O ffe r e d : To the pubhc.........................................D e scrip tio n o f S ecu rity: T e r m s o f Sate: Deposit guarantee by designated institutions........................................... K ey D a te s : Deadiine for receipt of tenders............. by 1 :3 0 p .m ., E S T Settiement date (finai payment due) a) cash or Federal funds ................. Tuesday, January 2, 1979 Tuesday, January 2, 1979 b) check drawn on bank within FRB district where submitted .. . Wednesday, December 27, 1978 Wednesday, December 27, 1978 c) check drawn on bank outside FRB district where submitted . . . Tuesday, December 26, 1978 Tuesday, December 26, 1978 F riday, January 5 , 1 9 7 9 F rid a y, January 5 , 1 9 7 9 Deiivery date for coupon securities . . . by 1 :3 0 p .m ., E S T IMPORTANT— This is a standard form. Its terms are subject to change at any time by the Treasury. This tender will be construed as a bid to purchase the 2-year notes for which the Treasury has out standing an invitation for tenders on the date received by the Federal Reserve Bank of New York or its Buffalo Branch. T E N D E R FOR 2 Y E A R T R E A S U R Y N O TES Dated a t .................................................. T o FE D E R A L RESE RV E B A N K OF N E W Y O R K Fisca! Agent of the United States .........................................................., 19- N ew Y o rk , N .Y . 10045 Pursuant to the provisions of the public notice issued by the Treasury Department inviting tenders for the current offering of 2-year Treasury notes, the undersigned hereby offers to purchase such currently offered Treasury notes 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. Do wot /it/ in AofA C*o?w/?f?Mw and Ycw cow /'fM vf ?fwdfr.y ow cwf form COMPETITIVE TENDER $ ....................................................................... (maturity value) or any lesser amount that may be awarded. Ac $....................................................... (maturity value) (Wot to exceed for owe Aiddcr fAroM^A at/ jo w e fj) at the average price of accepted competitive bids. Y ie ld : ................... (Ticfd NONCOMPETITIVE TENDER wtf/: wot tworo fAan two dcrnua/ /darcj, for c^raw:/i/c, 7.U) Subject to allotment, please issue, deliver, and accept payment for the securities as indicated below on the reverse side (Tf jcrttrittM are deyfred, /?/eaye alfo caw^fete ycAedM/e ow reverse y fde); Pieces Denominations $ $ Maturity value 5,000 10,000 S*B-P $ 100,000 Q Deliver over the counter to the undersigned (!) D Ship to the undersigned (2) n Hold in safekeeping (for member bank only) in— D Investment Account (4) D General Account (5) D Trust Account (6) D Hold as collateral for Treasury Tax and Loan Account* (7) and Payment will be made as follows: O By charge to our reserve account (D) D By cash or check in twMH^dtcffly ovodoA fc fwwdy (F ) D By surrender of maturing securities (*) Q By charge to my correspondent bank ............................- ...................(D) D Special instructions (3) $1,000,000 .(H) D Wire to Totals * The undersigned certifies that the allotted securities will be owned solely by the undersigned. (If a commercial bank or dealer is subscribing for its own account or for account of customers, the following certifications are made a part of this tender.) WE HEREBY CERTIFY that we have not made and will not make any agreements for the sale or purchase of any securities of this issue prior to the closing time for receipt of this tender. WE FURTHER CERTIFY that we have received tenders from customers in the amounts set forth opposite their names on the list which is made a part of this tender, and that we have received and are holding for the Treasury, or that we guarantee payment to the Treasury, of the deposits stipulated in the official offering cir cular. WE FURTHER CERTIFY 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 con ditions, agreements, and certifications set forth in this form. Name of Subscriber (Please Print or Type) Insert tAis tender tn spectcd envelope marked "Tender /or Treasury Notes or Bonds" City Phone (Include Area Code) State Zip Signature of Subscriber or Authorized Signature T.tte of Authorized Signer R 3.S (Institutions submitting tenders for customer account must list customers' names on lines below or on an attached rider) s a & M (-< *- C < < 3 E u G > a .. S -- ^ IN STR U C TIO N S: 1. No tender for less than $5,000 will be considered; and each tender must be for a multiple of $5,000 (maturity value). 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 fAc -xunc ytcM and may consolidate noncompetitive tenders, provided a list is attached showing the name of each bidder and the amount bid for his account. Others will not be permitted to submit tenders except for their own account. 3. Tenders will be received without deposit from commercial and other banks for their own account, Federally-insured savings and loan associations, States, political subdivisions or instrumentalities 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 of New York their positions with respect to Government securities and borrowings thereon, and Government accounts. Tenders from others mast be accompanied by payment of at least 5 percent of the face amount of the securities applied for. 4. A personal check, cash, or Treasury securities maturing on or before the issue date of the new securities may be submit ted with the tender. Personal checks submitted with the tender, either as a deposit or for the face amount of the securities, do "o? 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 and received at this Bank on the payment date (which is generally three business days before the issue date) shown on the "Notice of Balance Due" that will be mailed to you. All checks must be payable on its face to the Federal Reserve Bank of New York; cAccAj endorsed to fAt^ BanA wtd ?tof Ac accented; Settlement on the issue date must be in cash or in other immediately available funds. 5. A recorded message (at the Head Office—Tel. No. 212-791-5823; at the Buffalo Branch—Tel. No. 716-849-5046) pro vides information about Treasury offerings; additional inquiries regarding Treasury offerings 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.) 6. If the language of this tender is changed in any respect that, in the opinion of the Secretary of the Treasury, is material, the tender may be disregarded. (OVER) SCHEDULE FOR ISSUE OF REGISTERED 2-YEAR TREASURY NOTES SUBSCR!PT!ON NO DELtVERY !NSTRUCT!ONS PAYMENT !N$TRUCT!ONS SUBSCRIBER'S NAME D DEDVER O V E R THE COUNTER n BY CH A RG E T O O U R RESERVE A C C O U N T ADDRESS___________ 0 SH !P T O SUBSCRIBER n BY CA SH O R CHECK FOR FRB USE O N LY D C!TY_______________ !N IMMEDIATELY AVAILABLEFUNDS OTHER INSTRUCTIONS: _ZIP .STATE D BY SURRENDER O F TRANS. ACCOUNTING DATE !SSUE AGENT 12 LOAM CODE M A T U R IN G SECURITIES SIGNATURE D MO. OF PIECES REGISTRATION INSTRUCTIONS NAME(S) ID OR S.S. NO. ADDRESS CITY STATE DEMOM. 32 3.000 34 10,000 30 — 42 100,000 1,000,000 9* TOTAL 32 3,000 34 10,000 33 100,000 ID OR S.S. NO. 42 1,000,000 ADDRESS ** TOTAL CITY STATE 32 3 000 34 10,000 33 100,000 ID OR S.S. NO. 42 1,000,000 ADDRESS 99 TOTAL CITY STATE ZIP FOR FRB USE ONLY TR. CASE NO. ZIP NAME(S) SERIAL NOS. (LEAVE BLANK) INTEREST COMP. DATE TR. CASE NO. ZIP NAME(S) AMOUNT BY CH ARG E TO M Y CORRESPONDENT BAN K TR. CASE NO. 11M1 Form NA IMPORTANT — Closing time for receipt of this tender is 1:30 p.m., Wednesday, December 20, 1978 T E N D E R F O R T R E A S U R Y N O T E S O F SE R IE S L -1982 Due December 31, 1982 FEDERAL RESERVE BANK OF NEW YORK. Fiscal Agent of the United States. New York. N.Y. 10045 Dated at , 19 .. 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. COMPETITIVE TENDER in inscribing the securities and estabiishing and servicing the ownership and interest records. The transaction wit] not be compieted untess a!) required data is furnished. 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 reguiations governing United States securities (Department Circular No. 300) and the offering circular require submission of social security numbers: the numbers and other information are used Dated January 2, 1979 Do wot /77/ tw /?of/: CowpcOOw- aw</ Aowcofnpfttnvf tenders ow owe /orrw $ .............................................................. (maturity value) or any tesser amount that may be awarded. Y ie ld :......... NONCOMPETITIVE TENDER $ .............................................................. (maturity value) (TVot to exceed #7.000.000 /or owe /adder t/troag/t a/7 sources) at the average price of accepted competitive bids. (Y7e/J must be expressed wttA wot more tbaw two dectma/ p/oces. /or exatwp/e, 7.7 7) Subject to allotment, please issue, deliver, and accept payment for the securities as indicated below and on the reverse side (t/regM/eret/ gecMrt/tas ore t/es/reef, a/so comp/efe ott reverse #tbfe); Pieces Denomination $ Maturity value 1,000 5.000 10.000 100.000 Q Deiiver over the counter to the undersigned (!) Q Ship to the undersigned (2) Q Ho)d in safekeeping (for member bank on!y) in — D tnvestment Account (4) CD Genera] Account (5) CD Trust Account (6) Payment will be made as follows: By charge to our reserve account (D) ; By cash or check in /mmed/a/cTy avot/ob/c /wads (F) 1By surrender of maturing securities (E) ] By charge to my correspondent bank................. ....................................(D) O Ho)d as collateral for Treasury Tax and Loan Account*(7) CD Special instructions (3) (N am e o f bank) 1.000.000 O Wire to Totals ............................................... (8) (Exact Receiving Bank Wire Address/Account) * The undersigned certifies that the allotted securities wil! be owned solely by the undersigned. (If a commercial bank or dealer is subscribing for its own account or for account of customers, the following certifications are made a part of this tender.) W E H E R E B Y C E R T IF Y that we have not made and will not make any agreements for the sale or purchase of 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 of this tender, and that we have received and are holding for the Treasury, or that we guarantee payment to the Treasury, of the deposits stipulated in the official offering circular. W E F U R T H E R C E R T IF Y th a t tenders received by us, if any, from other commercial banks or primary dealers for their own account, and for the account o f their customers, have been entered with us under the same conditions, agreem ents, and certifications set forth in this form. fender tn sp ecie/ envelope marked TenderJbr Treasury Mote# or#ofMf# " (Institutions submitting tenders for customer account must list customers' names on lines below or on an attached rider) INSTRUCTIONS: 1. No tender for less than $1,000 will be considered; and each tender must be for a multiple of $1,000 (maturity value). 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 samey/e/t/ and may consolidate noncompetitive tenders, provided a list is attached showing the name of each bidder and the amount bid for his account. Others will not be permitted to submit tenders except for their own account. 3. Tenders will be received without deposit from commercial and other banks for their own account, Federally-insured savings and loan associations, States, political subdivisions or instrumentalities thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership, foreign centra! banks and foreign States, dealers who make primary markets in Government securities and report daily to the Federal Reserve Bank of New York their positions with respect to Government securities and borrowings thereon, and Government accounts. Tenders from others must be accompanied by payment of 5 percent of the face amount of the securities applied for. 4. Payment must be completed by January 2, 1979. If payment is by check drawn on a bank in this District, it must be received by December 27, 1978; checks drawn on a bank in another District must be received by December 26, 1978. A11 checks must be drawn to the order of the Federal Reserve Bank of New York; checks endorsed to this Bank will not be accepted. 5. If the language of this tender is changed in any respect that, in the opinion of the Secretary of the Treasury, is material, the tender may be disregard&l. [End. Cir. No. 8472] (OVER) SUBSCR!PT!ON NO. SCHEDULE FOR !SSUE OF REG!STERED TREASURY NOTES OF SER!ES L-1982 SU B SC R tB E R 'S ADDRESS CtTY NAME. DELtVERY tNSTRUCHONS PAYMENT [NSTRUCTIONS n D BY CHARGE TO OUR RESERVE ACCOUNT r i BY CASH OR CHECK IN (IMMEDIATELY AVA/LABLE FUNDS Q BY SURRENDER OF MATURING SECURITIES r i BY CHARGE TO MY CORRESPONDENT BANK SHIP TO SUBSCRIBER _________________ ________________________ DELIVER OVER THE COUNTER Q OTHER INSTRUCTIONS: ZtP .STATE StGNATURE. REGISTRATION NO. OF PtECES INSTRUCTIONS NAME( S) tD O R S . S . NO. ADDRESS CITY STATE 30 ) ,0 0 0 32 5,000 34 t o , 000 38 t o o , 000 42 t ,0 0 0 , 0 0 0 99 TOTAL ZtP NAME(S) ) D O R s . s . NO. ADDRESS CITY DEN0M. STATE SERIAL NOS. (LEAVE BLANK) FOR FRB FRB USE O N L Y TR ANS . A C C O U N T I N G D A TE !SSUE A G E N T 30 t ,0 0 0 32 5,000 34 t o , 0 00 38 t o o , 000 42 t ,0 0 0 , 0 0 0 99 TOTAL tNTEREST CO MP . DATE USE O N L Y T R . C A S E NO. 30 t,000 32 5,000 34 t 0 ,0 0 0 38 t o o , 000 42 ! ,0 0 0 ,0 0 0 99 TOTAL . ) D O R S. S. N O . ADDRESS CITY STATE ZtP 12 LOAN CO DE JA N U AR Y 2, 1979 T R . C AS E NO. ZIP N AME( S) AMOUNT FOR T R . CA SE NO. 1 1 0 -0 1
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