Full text of Federal Reserve Bank of New York Circulars : 8562. Treasury Announces May Quarterly Financing

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FED ER A L RESERVE BANK
OF NEW YORK
Fiscal Agent of the United States
rCircular No. 8562~]

_ April 26, 1979 _

TREASURY A NNO UNCES MAY QUARTERLY FINANCING
To All Banking Institutions, and Others Concerned,
in the Second Federal Reserve District:

The following statement was issued yesterday by the Treasury Department:
The Treasury will raise about $2,500 million of new cash and refund $1,719 million of securities maturing
May 15, 1979, by issuing $2,250 million of 10-year notes and $2,000 million of 30-year bonds.
The $1,719 million of maturing securities are those held by the public, including $123 million held, as of to­
day, 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 $550 million of
the maturing securities that may be refunded by issuing additional amounts of new securities. Additional
amounts of the new securities may also be issued to Federal Reserve Banks, as agents for foreign and interna­
tional monetary authorities, to the extent that the aggregate amount of tenders for such accounts exceeds the ag­
gregate amount of maturing securities held by them.
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 Treasury and Agency Issues 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 Daylight Saving time, on the dates specified on the reverse side of this circular as
the deadlines for receipt of tenders. All 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 con­
sidered 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; checks endorsed to this Bank will not be accepted. A personal check submitted
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.




PAUL A. VOLCKER,
President.
(Over)

HIGHLIGHTS OF TREASURY
OFFERINGS TO THE PUBLIC
MAY 1979 FINANCING
TO BE ISSUED MAY 15, 1979

Amount Offered:
To the public........................................ . . .

10-Year Notes

30-Year Bonds

$2,250 million

$2,000 million

Description of Security:

Term and type of security..................... . . . 10-year notes

30-year bonds

Series and CUSIP designation.............. . . . Series A-1989
(CUSIP No. 912827 J06)

Bonds of 2004-2009
(CUSIP No. 912810CGI)

Maturity date.......................................... ... May 15, 1989

May 15, 2009

Call date................................................... .. No provision

May 15,2004

Interest coupon r a te ............................... .. To be determined, based on the
average of accepted bids

To be determined, based on the
average of accepted bids

Investment y ie ld .................................... .. 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........................... .. November 15 and May 15

November 15 and May 15

Minimum denomination available........ .. $1,000

$1,000

Terms o f Sale:

Method of sale........................................ .. Yield auction

Yield auction

Accrued interest payable by investor.. . . .. None

None

Preferred allotment................................. .. Noncompetitive bid for
$1,000,000 or less

Noncompetitive bid for
$1,000,000 or less

Deposit requirement............................... .. 5% of face amount

5% of face amount

Deposit guarantee by designated
institutions........................................ .. Acceptable

Acceptable

Key Dates:

Deadline for receipt of tenders............... . . Tuesday, May 1, 1979,
by 1:30 p.m ., EDST

Settlement date (final payment due)
a) cash or Federal funds..................... .. Tuesday, May 15, 1979

Wednesday, May 2, 1979,
by 1:30 p.m ., EDST

Tuesday, May 15, 1979

b) check drawn on bank within
FRB district where submitted... .. Thursday, May 10, 1979

Thursday, May 10, 1979

c) check drawn on bank outside
FRB district where submitted... .. Wednesday, May 9, 1979

Wednesday, May 9, 1979

Delivery date for coupon securities




Thursday, May 17,1979

Thursday, May 17, 1979

U N I T E D STATES OF A M E R I C A
T R E A S U R Y N OTES OF M A Y

15,

1989

SERI ES A- 1 9 8 9
DEPARTMENT CIRCULAR
P u b l i c Debt S e r i e s - No.

1.
1.
of

1.

The

the Second

9-79

INVITATION

FOR T E N D E R S

S e c r e t a r y of the Tre a s u r y ,

Liberty

approximately

D E P A R T M E N T OF THE TREASURY,
O F F I C E OF THE SECRETARY,
W a s h i n g t o n , April 26, 1979.

Bond Act,

as amended,

912827 J Q

bidding

cn

6).

The

i n t erest rate on
accepted

the bid

the

bid w ill

a m o u n t s of

Government

accounts

account

price

the

aggregate

a m o u n t of

The

i n t erest

that date,

15,

1979,

and each

November

15,

until

the p r i n c i p a l

May 15,

1989,

redemption prior
2.
to all
The

2.
taxes

The

excise

taxes,

any

are

u nder




the

subject

whether

taxing

at the aver a g e

fore i g n and

the ex t e n t

that the
the a g g r e g a t e

by them.

be d a t e d Ma y 15,

1979,

b e c o m e s payable.

not be s u b j e c t

income d e r i v e d

by any State,

local

issued

Additional

and will

basis on

s u b s e q u e n t 6 m o n t h s on May 15 and

and will

from

They will

to call

the s e c u r i t i e s

Internal R e v e n u e

to estate,

Federal

t a x a t i o n now or h e r e a f t e r
ther e o f

their own

for

to m a turity.

impo s e d

securities

for

below.

to

p a y a b l e on a s e m i a n n u a l

November

mature

The

D E S C R I P T I O N OF S E C U R I T I E S

s e c u r i t i e s will

from

to

issued

for such a c c o u n t s exce e d s

s e c u r i t i e s held

at the

tender.

securities.

as a g e n t s of

auth o r i t i e s ,

tend e r s

2.
1.

R e s e r v e Banks

new s e c u r i t i e s m a y a lso be

a m o u n t of m a t u r i n g

2.

s e c u r i t i e s m a y be

Banks,

(CUSIP

the p rice e q u i v a l e n t of each

for m a t u r i n g T r e a s u r y

monetary

be required

in the m a n n e r d e s c r i b e d

Federal

to Federal R e s e r v e

international

bear

these

and

in e x c h a n g e

a m o u n t s of

and

for

at a u c t i o n with

yield of each a c c e p t e d

be d e t e r m i n e d

Additional

Series A-1989

P a y m e n t will

securities

tenders

securities,

s e c u r i t i e s wil l be sold

the b a s i s of yield.

p r i c e e q u i v a l e n t of

1989,

the a u t h o r i t y

invites

$ 2 , 2 5 0 , 0 0 0 , 0 0 0 of Uni t e d S t a t e s

d e s i g n a t e d T r e a s u r y N o t e s of Ma y 15,
No.

under

imposed on

1954.

g i f t or o t h e r

but are e x e m p t

the p r i n c i p a l

any p o s s e s s i o n of

a u thority.

Code of

i n h e r itance,

or State,

is s u b j e c t

or

from all
interest

the Un i t e d States,

or

-2 -

2.
of

3.

public

The

securities

monies.

will

They will

be a c c e p t a b l e

not be a c c e p t a b l e

to secure d e p o s i t s
in p a y m e n t of

taxes.
2.
and

4.

Bearer

securities

issued

securities

registered

in d e n o m i n a t i o n s

$1,000,000.
bidders

interest

to p r i n c i p a l

of $1,000,

Book-entry

in m u l t i p l e s

as

with

of

book-entry

2.

5.

regulations

issued

Interchanges

of

amounts.

and

governing

Un i t e d

in this

currently

1.

Tenders

20226,

T u e sday,

May

will

1,

at the

1979.

be c o n s i d e r e d
30,
3.

the T r e a s u r y ' s gene r a l
securities
These

as well

apply

to the

general

regulations

as those

that m a y be

SALE
be

2.

for.

Each

r e c eived

Bu r e a u of

at Federal

the Pub l i c

tenders

if p o s t m a r k e d

Reserve

Debt,

Eastern Daylight

Noncompetitive

ti m e l y

tender must

The m i n i m u m

Washington,

Saving

time,

as d e f i n e d

no l ater

Banks

b elow

than Monday,

decimals,

expressed

e.g.,

Noncompetitive
form

bid

state

the

face

is $1,000

and

larger bids m u s t be

that amount.

d e s ired,

ten d e r

PROCEDURES

1979.

m u l t i p l e s of

$ 1,

registered

t r a n s f e r of r e g i s t e r e d

in effect,

up to 1:30 p.m.,

more

and of coupon,

circular.

D.

yield

the

St a t e s

and

bid

and

those

and B r a n c h e s

April

$100,000,

at a later date.

3.

will

be

to e l i g i b l e

3.

C.

$10,000,

will

be a v a i l a b l e

The D e p a r t m e n t of

those

interest,

be p e r m i t t e d .

securities offered
incl u d e

attached,

s e c u r i t i e s will

securities,

s e c u r i t i e s w ill

and

$5,000,

s e c u r i t i e s of d i f f e r e n t d e n o m i n a t i o n s
and

coupons

7.11%.

in

tenders m u s t

terms of an annual

Common

tenders m u s t

in lieu of

than one

Competitive

am o u n t of

also

in

show the

y ield w i t h

two

f r a c t i o n s m a y not be used.

sho w the

a specified

noncompetitive

securities

term

"noncompetitive"

yield.

tender

and

No b i d d e r may

the

on the

submit

a m o u n t may not exceed

000 , 000 .
3.

will

3.

All

not m a k e

securities

of

Section

3.1.

renders

for




bidders must

any a g r e e m e n t s
this
for

the

certify
for the

issue p r i o r

r e c e i p t of

that

they have

not made

sale or p u r c h a s e

of any

to the d e a d l i n e e s t a b l i s h e d

tenders.

a c c o u n t of c u s t o m e r s

Those
will

authorized

be r e q u i r e d

and

in

to submit
to c e r t i f y

-3 that

such

ments,

tend e r s

and

certifications

bidders

for

3.

4.

as banks
for

are s u b m i t t e d

their own

this p u r p o s e

in G o v e r n m e n t

n ames of

submit

the c u s t o m e r s

5.

d i r e c t l y by

this p u r p o s e

are d e f i n e d

and p r i m a r y dealers,
who make

report d a i l y
in and

to the

which

primary markets
Federal R e s e r v e

b o r r o w i n g s on such

tenders

for a c c o u n t of c u s t o m e r s

if the

and

am o u n t

for each c u s t o m e r

are

to submit

for

the

are o n l y p e r m i t t e d

Tenders

account

primary
loan

dealers,

States,
public

international

holds membership;
Fede r a l

be r e c e i v e d

Reserve

others must

banks

as d e f i n e d

associations;

funds;

will

from c o m m e r c i a l

instrumentalities;

tenders

and

their

pension

f o r e i g n cent r a l

securities

readily collectible

such d e p o s i t
3.
opened,
range

6.

Immediately

bids.

required

highest

accepted

determination
rate will
increment,
c lose

which

to 100.000

issue d i s c o u n t




resu l t s
and

states;

the

from

face a m o u n t

maturing

Treasury

or by a g u a r a n t e e of

hour,

tend e r s w ill

the am o u n t and

be a c c epted

the

be

yield

in full,

s t a rting

with

s u c c e s s i v e l y h i g h e r yi e l d s

on

pu b l i c

to the r e s e r v a t i o n s e x p r e s s e d

be accepted,

am o u n t offered.

be p r o r a t e d

as to w h i c h

be e s t a b l i s h e d ,

checks),

or

States

Tenders

form of cash,

tenders will

y ield will

is m ade

foreign

accounts.

the closing

Subject

through

to attain

and

a n n o u n c e m e n t of

tenders will

lowest yields,

the

after

noncompetitive

then c o m p e t i t i v e

banks

the U n i t e d

and

bank or a p r i m a r y dealer.

by a pu b l i c

of a c c e p t e d

extent

(in

by a c o m m e r c i a l

f o l lowed

S e c t i o n 4,

for

savi n g s

subdivisions

by a d e p o s i t of 5% of

appl i e d

their

r e t i r e m e n t and o t h e r

in w hich

and G o v e r n m e n t

be a c c o m p a n i e d

or

and

for

institutions;

Federally-insured

their p o l i t i c a l

organizations

Banks;

without deposit

and o ther banking

above;

of s e c u r i t i e s

the

agree­

account.
3.

own

and

for

as d e a l e r s

their p o s i t i o n s

Others

s u bmitted

which

demand d e posits,

securities

may

furnished.
own

banks,

are d e f i n e d

Bank of N e w York
securities,

as tenders

the same c o n d i t i o n s ,

account.

Commercial

accepting

under

in

and

those

at

to the

Tenders

if neces s a r y .

t e n d e r s are accepted,

at the
After

the

a coupon

the b asis of a 1/8 of o n e p e r c e n t

in an e q u i v a l e n t

a lowest a c c e p t e d

limit of 97.500.

That

aver a g e

price
rate of

above

accepted

price

the o r i g i n a l

i n t e r e s t will

be

-4paid

on all of

p r i c e on each
each

the

competitive

successful

noncompetitive

to

average

will

yield

w ill

of p r i c e per

hundred,

S e c r e t a r y of

the T r e a s u r y

received

e.g.,

tenders

to p r o v i d e

bid.

pay

be c a r r i e d

competitive

sufficient

tenders will

tenders will
full,

only

or whe n

accounts

bidders

be n o t i f i e d

right

1.

to a c c e p t or r e j e c t

Section

1, and

than

to make

the basis

the d e t e r m i n a t i o n s

of the

If the a m o u n t of

ab s o r b

all or mos t of the

be a c c e p t e d

in an amo u n t
the yield.

and F e d e r a l

Reserve

to the w e i g h t e d

Tenders

Banks will

aver a g e yield

be advi s e d

of

T hose

submitting

noncompetitive

if the

tender

the a c c e p t a n c e

is not a c c e p t e d

the T r e a s u r y e x p r e s s l y

any or all

tenders

in

different percentage
the S e c r e t a r y

pu b l i c

Secretary's

action

reserves

in whole or

the a m o u n t of s e c u r i t i e s

when

The

Price

will

c l a s s e s of a p p l i c a n t s
interest.

tenders.

RESERVATIONS

The S e c r e t a r y of

to allot mor e or less

to the

is o ver par.
4.

4.

to pay the

tenders.

tenders.

the p r i c e

and

p l a c e s on

a fair d e t e r m i n a t i o n of

Competitive
their

and

w ould

competitive

r e j e c t i o n of

be d e t e r m i n e d

submitting

be final.

of

or

the

be r e q uired

competitive

99.923,

shall

rate,

the p rice e q u i v a l e n t

at the p r i c e e q u i v a l e n t

7.

will

Those

be a c c epted

3.

i n t erest

to three d e c i m a l

received

from G o v e r n m e n t

accepted

on such

allotted

of a c c e p t e d

calculations

off e r i n g ,

tender

the y i e l d

tend e r s

noncompetitive

Based

c o m p e t i t i v e b i d d e r will

price equivalent

weighted

securities.

under

in part,

specified

allotments

considers

the

in

to various

it in the

this

Section

is

final.
5.
5.

1.

completed
Reserve

Settlement

for a l l otted

on or b e f o r e T u e s d a y ,

the

funds

te n d e r was

May 15,

immediately

submitted.
available

bills,

notes or b o n d s

before

the s e t t l e m e n t date

in

s e c u r i t i e s mus t
1979,

Bank or B r a n c h or at the B u r e a u of

wherever
other

PAYMENT AND DELIVERY

the g e n e r a l

Dy c h e c k d r a w n




(with all

regulations

the

to

the Tre a s u r y ;

c o u p o n s detached)
are

governing

Un i t e d

the

Federal

the P u b l i c

P a y m e n t m u s t be

but w h i c h

to the o r d e r of

at

be m a d e or

in cash;

institution

in

in T r e a s u r y
maturing

not o v e r d u e
States

Debt,

on or

as defined

securities;

to w hich

the

or

-5 ten d e r was
later

s u bmitted,

w h i c h m u s t be

received

at such

institution

than:
(a) T h u r s d a y ,
ban k

May 10,

in the

to w h i c h

1979,

Federal

the c h e c k

Rese r v e D i s t r i c t

if the c h e c k

Reserve

is d r a w n

D i s t r i c t of

is sub m i t t e d

the

(the Fifth

in case of the Bureau of

on a

institution
Federal

the P u b l i c

D e b t ) , or
(b) W e d n e s d a y ,
bank
Ch e c k s

in a n o t h e r

received

sentence

will

applicable
complete

after

i dentifying

individual's

time,

of

the

the

In e very

the d e p o s i t

they are p a y a b l e

P a y m e n t will

not be c o n s i d e r e d

are req u e s t e d
on

at the

if the

tax

returns

and

to the Internal R e v e n u e

Service

(an

When payment

face
the

on a

in the p r e c e d i n g

as required

is m a d e

to or r e q uired of

identification

in s e c u r ities,
the b i d d e r

securities

case w here

and

allotted.

full p a y m e n t

sub m i t t e d with

a

for any

amount of s e c u r i t i e s p r e s e n t e d

face a m o u n t of s e c u r i t i e s

d i s c r e t i o n of

forth

securities

be m a d e

am o u n t p a y a b l e on

on

set

s e c u r i t y n u m b e r or an e m p l o y e r

cash a d j u s t m e n t will

2.

is d r a w n

R e s e r v e District.

Bank.

furnished.

between

if the c h e c k

unless

number

submitted

social

is not

5.

the d a t e s

registered

other documents

the

Federal

not be a c c e p t e d

w here

difference

1979,

Federal R e s e r v e

appropriate

number)

May 9,

the

is not c o m p l e t e d

tender,

allotted,

up to 5 p e r c e n t

shall,

the S e c r e t a r y of the Tr e a s u r y ,

be

at the

fo r f e i t e d

to the

United States.
5.
payment

3.

Registered

for a l l otted

securities

securities

if the new s e c u r i t i e s are
forms

as a p p e a r

surrendered.

registered

in names

should

be

(s e c u r i t i e s o f f e r e d
i dentifying

are d e s ired,
Treasury

the

and

When

from

same

circular)

number)."

of

are

those

the

to be

in the

the T r e a s u r y

in the name of

If new s e c u r i t i e s

should be

the

for

(name

and

in c o u p o n

to "The S e c r e t a r y of

(secur i t i e s o f f e r e d

in

n a m e s and

the s e c u r i t i e s p r e s e n t e d ,

to "The S e c r e t a r y of
by this

and

to be assig n e d

in the

the new s e c u r i t i e s

forms d i f f e r e n t

assignment

for c o u p o n




are not r e q u i r e d

to be r e g i s t e r e d

i n s c r i p t i o n s or a s s i g n m e n t s of

taxpayer

as d e p o s i t s

in the r e g i s t r a t i o n s or a s s i g n m e n t s

securities

assignment

tendered

by this circular)

form
the

to be

no

U N IT E D

STATES

OF

AM ERICA

BONDS

OF

2 004-2009

TREASURY

DEPARTMENT CIRCULAR
P u b l i c D e b t S e r i e s - No.

1.
1.

1.

INVITATION

The S e c r e t a r y of

the Se c o n d L i b e r t y
approximately

D E P A R T M E N T OF THE TREASURY,
O F F I C E OF THE SECRETARY,
W a s h i n g t o n , A pril 26, 1979.

10-79

Bond Act,

FO R T E N D E R S

the Tre a s u r y ,
as amended,

Bonds of 2 0 0 4 - 2 0 0 9

The

be sold

s e c u r i t i e s will
P a y m e n t will

the price

m a y be

issued

their own

account

Additional
average

bear

The

i n t erest

that date,

November

until

the p r i n c i p a l

S t a t e s on and
accrued

shall

the

will

given

a m o u n t s of
Fede r a l

these

as a g e n t s

exceeds

the

in

s e curities

Reserve

to the e x t e n t

becomes

2004,

Banks

for

securities.
issued

at the

for fore i g n and
that

the aggregate

aggregate

payable.

1979,

amo u n t of

cease

and will

b asis on

The y w ill m a t u r e

at the o p t i o n of

in w h o l e or

in such m a n n e r

the United

in part,

as the S e c r e t a r y of
call,

by such m e t h o d

the Tre a s u r y .

shall

be d e t e r m i n e d

s u b s e q u e n t 6 m o n t h s on May 15 and

In case of p a r t i a l

the n o t i c e of call.




bid will

the bid

the secu r i t i e s

i n t e r e s t p a y m e n t date o r dates,

be d e t e r m i n e d

S e c r e t a r y of

for r e d e m p t i o n

each

a f t e r May 15,

prescribe.

redeemed

Banks,

but m a y be r e d e e m e d

i n t e r e s t on any

n o t i c e of cal l

and

rate o n

p a y a b l e on a s e m i a n n u a l

and

2009,

the basis of

DESCRIPTION OF SECURITIES

1979,

o n M a y 15,

on

by them.

N o v e m b e r 15,
15,

interest

s e c u r i t i e s will be d ated M a y 15,

from

9 1 2 8 1 0 CG 1).

for m a t u r i n g T r e a s u r y

for such a c c o u n t s

s e c u r i t i e s h eld

1.

accounts

monetary authorities,

tenders

se c u r i t i e s ,

the new s e c u r i t i e s m a y als o be

2.
2.

The

Additional

in e x c h a n g e

for

at the p r i c e e q u i v a l e n t of

to F e d e r a l R e s e r v e

international

maturing

below.

a m o u n t s of

price

a m o u n t of

tender.

to G o v e r n m e n t

tenders

(CUSIP No.

e q u i v a l e n t of eac h a c c e p t e d

the m a n n e r d e s c r i b e d

the a u t h o r i t y of

at a u c t i o n w ith bidd i n g

be r e q u i r e d

y i e l d of e a c h a c c e p t e d
and

invites

$ 2 , 0 0 0 , 0 0 0 , 0 0 0 of Un i t e d S t a t e s

designated Treasury

yield.

under

on

I n t e r e s t on

the

at par and
on 4 months'
the T r e a s u r y

securities

to be

as m a y be p r e s c r i b e d
the

securities

the date of r e d e m p t i o n

by

called

s p e cified

in

2.
to all
The

2.

The

taxes

imposed

securities

excise

income d e r i v e d

taxes,

are

under

subject

whether

any

local
2.

State,

taxing
3.

2.

Revenue

Code of

inheritance,

or State,

is subj e c t
1954.

g ift or o t h e r

but are exe m p t

the p r i n c i p a l

or

from all
interest

any p o s s e s s i o n of the United States,

or

authority.

The

s e c u r i t i e s will

be a c c e p t a b l e

T hey will

to secure

not be a c c e p t a b l e

in

taxes.

4.

securities

Be a r e r

s e c u r i t i e s with

registered

$1,000,000.

Book-entry

in m u l t i p l e s of

and

the

$5,000,

securities
those

of d i f f e r e n t d e n o m i n a t i o n s
securities,

i n t erest c o u p o n s attached,

as to p r i n c i p a l

in d e n o m i n a t i o n s of $1,000,

bidders

Internal

imposed on

d e p o s i t s of p u b l i c monies.
p a y m e n t of

the s e c u r i t i e s

to estate,

Federal

t a x a t i o n now o r h e r e a f t e r
t h e r e o f by any

the

from

and

$10,000,
will

amounts.

and

will

$100,000,

be a v a i l a b l e

be

issued

and

to e l i g i b l e

I n t e r c h a n g e s of s e c u r i t i e s

of coupon,

t r a n s f e r of

interest,

and

registered

registered

and b o o k - e n t r y

s e c u r i t i e s will

be

permitted.
2.

5.

The D e p a r t m e n t of

governing United
in this

States

c i rcular.

currently

the T r e a s u r y ' s gene r a l

securities

These general

in effect,

as well

regulations

a p p l y to the s e c u r i t i e s offe r e d

regulations

as those

include

that m a y be

those

issued

at a later

date.
3.
3.
and
D.

1.

B r a n c h e s and
C.

20226,

Wednesday,
w ill
Ma y

1,

will

be r e c e i v e d

at Federal

R e s e r v e Banks

up to 1:30 p.m.,

Ma y 2,

1979.

Eastern Daylight

Noncompetitive

timely

if p o s t m a r k e d

Washington,

Saving

tenders

time,

as d e f i n e d

no later

below

than Tuesday,

1979.
2.

securities

Each
bid

tender m u s t

for.

state

The m i n i m u m bid

in m u l t i p l e s of t hat amount.

the y i e l d d e s i r e d ,
decimals,

e.g.,

Noncompetitive




PROCEDURES

at the B u r e a u of the Pub l i c Debt,

be c o n s i d e r e d

3.

be

Tenders

SALE

expressed

7.11%.

face amount of

is $1,000

Competitive

and

larger bids must

tenders m u s t

in terms of an annual

Common

tenders m ust

the

also show

yield wit h

two

f r a c t i o n s m a y not be used.

s how the

term

"noncompetitive"

on

the

-3tender
more

form

in lieu of a s p e c i f i e d

than one

noncompetitive

yield.

tender

and

No b i d d e r m a y

submit

the a m o u n t m a y not exc eed

$ 1 ,0 0 0 ,000 .
3.
will

3.

All

not m a k e

any a g r e e m e n t s

s e c u r i t i e s of
Section

3.1.

tenders

for

t hat

such

ments,
for

this

the a c c o u n t of

4.

as b anks

are

accepting

Government

may submit
customers

account

and

the

be

Tenders

accompanied
(in

the

bank or

to the

banks

above;
and

organizations
banks

and

for their own

s a v i n g s and

s u b d i v i s i o n s or

retirement

in w hich

and o t h e r

the U n i t e d

fore i g n states;

form of cash,
checks) ,

public

S t a t e s holds
Federal

from o t h e r s m u s t

maturing Treasury

securities

s e c u r i t i e s or

or by a g u a r a n t e e of suc h d e p o s i t by a

a p r i m a r y dealer.

by a pu b l i c
bids.

noncompetitive

then c o m p e t i t i v e

the

Others

institutions;

Federally-insured

and

the

account.

without deposit

their p o l i t i c a l

pension

central

furnished.

and o t h e r b a n k i n g

Bank

s e c u r ities,

if the n a m e s of
are

for

in

Federal R e s e r v e

for their own

be r e c e i v e d

which

primary markets

in and b o r r o w i n g s on such

Immediately after

range of a c c e p t e d




by b i d d e r s

p r i m a r y dealers,

face a m o u n t of

followed

4,

and

by a d e p o s i t of 5% of

collectible

Section

agree­

are d e f i n e d

Tenders

readily

6.

directly

and G o v e r n m e n t accounts.

for

opened,

will

public

applied

3.

to c e r t i f y

for this p u r p o s e

for each c u s t o m e r

States,

foreign

Banks;

which

re p o r t d a i l y

as d e f i n e d

international

commercial

in

to su b m i t

the same c o n d i t i o n s ,
submitted

to s u b m i t tend e r s

instrumentalities;

Reserve

u nder

as d e a l e r s who make

amount

from c o m m e r c i a l

membership;

authorized

for a c c o u n t of c u s t o m e r s

associations;

funds;

Those

established

c u s t o m e r s w ill be r e q u i r e d

their p o s i t i o n s

p r i m a r y dealers,
loan

tenders.

banks,

are d e f i n e d

tenders

5.

to the d e a d l i n e

de m a n d dep o s i t s ,

are o n l y p e r m i t t e d
3.

not m a d e and

sale or p u r c h a s e of any

as tenders

s e c u r i t i e s and

of N e w Yor k

that they have

account.
Commercial

this p u r p o s e

for the

submitted

certifications

their own

certify

issue p r i o r

for r e c e i p t of

tenders

and

3.

bidd e r s m u s t

the c l o s i n g

a n n o u n c e m e n t of

Subject

the

t e n d e r s will

be a c c e p t e d

be accepted,

be

a m o u n t and yield

to the r e s e r v a t i o n s

tend e r s will

tend e r s will

hour,

starting

expressed

in full,
w ith

in

and

those

at

-4
the

lowest yields,

through

required

to a t t a i n

accepted

y i e l d wil l

determination
rate will

am o u n t o f f e r e d .

be p r o r a t e d

is m a d e

which

results

to 100. 0 0 0

issue d i s c o u n t
on all of the

and

on

s e c u r ities.

Based on such

tender

to

carried
e.g.,

to three d e c i m a l

99.923,

and
be

received

absorb

would

tend e r s will

and

equivalent

final.

Those

tenders.

the price
and each

to pay the price
noncompetitive

to the w e i g h t e d

a v e r a g e yield

Price c a l c u l a t i o n s will

p l a c e s on

the S e c r e t a r y of

the o f f ering,

in an a m o u n t
Tenders

sufficient

received

the
tenders

competitive

to p r o v i d e

a fair

from G o v e r n m e n t

R e s e r v e B anks wil l be accepted

to the w e i g h t e d

be

the basis of price per hundred,

If the am o u n t of n o n c o m p e t i t i v e

the yield.

Fede r a l

i n t erest rate,

submitting

all or mos t of

be a c c e p t e d

d e t e r m i n a t i o n of
accounts

bid.

the d e t e r m i n a t i o n s of

Treasury shall

interest will be paid

be r e q uired

the p r i c e e q u i v a l e n t

competitive

a coupon

the o r i g i n a l

a l l o t t e d will be d e t e r m i n e d

equivalent

of a c c e p t e d

p rice above

T h a t rate of

c o m p e t i t i v e b i d d e r will

pay

the

in an e q u i v a l e n t a v e r a g e a c c epted p rice

successful

tenders will

After

tenders are accepted,

a low e s t a c c e p t e d

the y ield

the ex t e n t

the b asis of a 1/8 of one p e r c e n t

limit of 92.500.

on e ach c o m p e t i t i v e

to

T e n d e r s at the high e s t

if neces s a r y .

as to w h i c h

be e s t a b l i s h e d ,

increment,
c lose

the

s u c c e s s i v e l y h i g h e r yields

at the price

aver a g e y ield of a c c e p t e d

competitive

tenders.
3.

7.

C o m p e t i t i v e b i d d e r s will

or r e j e c t i o n of
tend e r s will
or whe n

their

tenders.

o n l y be n o t i f i e d

the p r i c e

the

1.

right

part,

considers

in S e c t i o n




in full,

all

tenders

reserves

in w h o l e or

in

the a m o u n t of s e c u r i t i e s

to make d i f f e r e n t p e r c e n t a g e

interest.

the S e c r e t a r y

The S e c r e t a r y ' s

action

is final.
5.

completed

is not a c c e p t e d

c l a s s e s of a p p l i c a n t s when

it in the p u b l i c

1.

than

1, and

to v a r i o u s

this S e c t i o n

5.

noncompetitive

S e c r e t a r y of the T r e a s u r y e x p r e s s l y

to a l l o t m o r e or less

allotments

submitting
tender

the a c c e p t a n c e

RESERVATIONS

to a c c e p t or r e j e c t any or

specified

under

The

if the

of

is o v e r par.
4.

4.

Those

be advised

Settlement

PAYMENT AND DELIVERY
for a l l o t t e d

on or b e f o r e T u e sday,

s e c u r i t i e s m u s t be m ade or

M a y 15,

1979,

at the

Federal

Rese r v e

B ank or B r a n c h or
te n d e r

was s u b m i t t e d .

immediately
bonds

at the Bu r e a u of

P a y m e n t m u s t be

available

(with all

regulations

to the o r d e r of

the

institution

received

(a) T h u r s d a y ,
b ank

maturing

United States

May 10,

in the

to w h i c h
Reserve

at such

on or b e f o r e
as d e f i n e d

the

is s u b m i t t e d

notes or

in the gene r a l

the

(the Fifth

the Bu r e a u of

submitted,

than:

is drawn

D i s t r i c t of

in case of

funds

the

tender was

if the c h e c k

the

or by c h e c k d r a w n

i n s t i t u t i o n no later

Federal R e s e r v e

District

in o t h e r

securities;

to w h i c h

1979,

the c h e c k

wherever

in T r e a s u r y bills,

but w h i c h are not o v e r d u e

governing

w h i c h m u s t be

in cash;

to the T r e asury;

c o u p o n s detached)

s e t t l e m e n t dat e

the P u b l i c Debt,

on a

institution
Federal

the P u b l i c

D e b t ) , or
(b) W e d n e s d a y ,
bank
Checks

in a n o t h e r

received

s e n t e n c e will
applicable

May 9,

a fter

the d a t e s

not be a c c e p t e d

complete where

registered

i dentifying

other documents
individual's

forth

unless

Bank.

in the p r e c e d i n g

they are p a y a b l e

P a y m e n t will

securities

are

to the

not be c o n s i d e r e d

requested

Internal

on

at the

tax

if the
returns

and

Revenue Service

(an

s e c u r i t y nu m b e r or an e m p l o y e r

i d e n t i f i c a t i o n number)
in s e c u r i t i e s ,

set

is d rawn on a

District.

nu m b e r as r e q u i r e d

submitted

social

if the c h e c k

Federal R e s e r v e

Federal R e s e r v e

appropriate

1979,

is not

furnished.

a cash a d j u s t m e n t w ill

the b i d d e r

for any d i f f e r e n c e b e t w e e n

securities

presented

and

When payment

be m a d e
the

is m a d e

to or r e q u i r e d of

face a m o u n t of

the am o u n t p a y a b l e on the

securities

allotted.
5.

2.

on

time,

of

the

In every case w h e r e

the d e p o s i t

face a m o u n t of

d i s c r e t i o n of

full p a y m e n t

s u b m i t t e d wit h

the

tender,

s e c u r i t i e s a l lotted,

the S e c r e t a r y of

is not c o m p l e t e d
up to 5 p e r c e n t

shall,

the T r e a s u r y ,

be

at the

forfeited

to the

United States.
5.

3.

payment
if the

Registered

for a l l o t t e d

securities

securities

new s e c u r i t i e s are




tendered

as d e p o s i t s

are not r e q u i r e d

to be r e g i s t e r e d

and

in

to be assig n e d

in the same

names and

-6 -

forms

as a p p e a r

in the r e g i s t r a t i o n s or a s s i g n m e n t s of the

securities

surrendered.

registered

in names

When

and

the new s e c u r i t i e s

forms d i f f e r e n t

i n s c r i p t i o n s or a s s i g n m e n t s of
assignment

sh o u l d

Treasury

the

to

in the name of

addre s s ) . "

Specific

instructions

or a u t h o r i z e d

the

Securities

to the

Fede r a l R e s e r v e

Public

Debt,

delivered
5.
the

at the e x p e n s e
If b e a r e r

s e t t l e m e n t date,

certificates.
and

shall

issue,

5.

D.

C.

for d e f i n i t i v e

1.

As

fiscal

Banks are

tenders,

to m a k e

Treasury,

to

The

issued

and

the d e f i n i t i v e

form

this

at any Federal
the P u b l i c Debt,

inte r i m c e r t i f i c a t e s m u s t be

interest

form will

be

a c c o u n t has b een e s t a b lished,

inscribed.

GENERAL PROVISIONS
ag e n t s of the United States,

allotments

to

in b e a r e r

form of ;r e g i s t r a t i o n has been

authorized

issue

interim

s e c u r i t i e s of

and r e q u e s t e d
as d i r e c t e d

Federal

to receive

by the S e c r e t a r y of

such n o t i c e s as m a y be neces s a r y ,

for and mak e d e l i v e r y of s e c u r i t i e s on

allotments,




be

are a v ailable,

the s e c u r i t i e s hav e b een

6.

securities

to receive

in r e g i s t e r e d

6.

of

shall

D e l i v e r y of s e c u r i t i e s

registered

by the owner

are not r eady for d e l i v e r y on

5.

the

for the

risk of the holder.

certificates

the r e q u e s t e d

to be

s e c u r i t i e s m u s t be

the holder.

validated,

payment

The

purchasers may elect

20226.

the

to the Bureau of the

at the ris k and e x p e n s e of

a fter

Reserve

20226.

form

should be s u r r e n d e r e d

Bank or B r a n c h or at the Bu r e a u of

returned

and

C.

and

such s e c u r i t i e s

Washington,

made

D.

securities

be e x c h a n g e a b l e

whe n

Reserve

T hese

in p a y m e n t

Ban k o r B r a n c h or

Washington,

4.

must accompany

t e n dered

(name and

by this circular)

signed

presented.

for

in c o u p o n

issuance and d e l i v e r y of the new securi t i e s ,
representative,

the

be to "The S e c r e t a r y of

( securities o f f e r e d

(name and

in the

the T r e a s u r y

If new s e c u r i t i e s

a s s i g n m e n t should

for c o u p o n

delivered

num b e r ) . "

to be

s e c u r i t i e s prese n t e d ,

by this circular)

identifying

are d e s i r e d ,

from those

be to "The S e c r e t a r y of

(securities offered
taxpayer

the

are

issue

interim c e r t i f i c a t e s

securi t i e s .

the

to receive

full-paid
pending

delivery

6 .

2.

The S e c r e t a r y of

supplemental
offering.

or a m e n d a t o r y

Public

the T r e a s u r y m a y at any

rules and

regulations

a n n o u n c e m e n t of suc h c h a n g e s

tim e

governing

will

issue
the

be p r o m p t l y

provided.




Paul H. Tayl or,
Fiscal A s s i s t a n t S e c r e t a r y .

Form NA

IMPORTANT — Closing time for receipt of this tender is 1:30 p.m., Tuesday, May 1, 1979

T E N D E R FO R TR E A SU R Y N O TES O F SERIES A-1989

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 Circular No. 300) and the offering circular require submission of social security numbers; the numbers and other information are used
in inscribing the securities and establishing and servicing the ownership and interest records. The transaction will not be completed unless all required data is furnished.

Dated May 15,1979

Due May 15, 1989
Dated at

FEDERAL RESERVE BANK OF NEW YORK.
Fiscal Agent of the United States.
New York. 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.

COMPETITIVE TENDER

Do not fill in both Competitive and
Noncompetitive tenders on one form

$ .............................................................. (m aturity value)
or any lesser am ount that may be awarded.
Y ie ld :.........

NONCOMPETITIVE TENDER

$ ..............................................................(maturity value)
(Not to exceed S 1.000.000fo r one bidder through all sources)

at the average price of accepted competitive bids.

(Yield must be expressed with not more than two
decimal places, fo r example. 7.11)

Subject to allotment, please issue, deliver, and accept payment for the securities as indicated below and
on the reverse side (if registered securities are desired, please also complete schedule on reverse side):
Deliver over the counter to the
undersigned (1)
O Ship to the undersigned (2)
□ Hold in safekeeping (for member
bank only) in —
□ Investment Account (4)
□ General Account (5)
□ Trust Account (6)

Payment will be made as follows:
_By charge to our reserve account (D)
By cash or check in immediately
available funds (F)
_By surrender of maturing securities (E)
! ! Bv charge to my correspondent
bank...................................................... (D)

CD Hold as collateral for Treasury Tax and

□ Special instructions (3)

□

Pieces

Denomination
$

Maturity value

1,000
5.000
10.000
100.000

(Name of bank)

Loan Account* (7)
1.000,000

CD Wire to

Totals

.................................................................................................................................. ( 8)

(Exact Receiving Bank Wire Address/Account)
* The undersigned certifies that the allotted securities will be ow ned 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 am ounts 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.
WE FURTHER CERTIFY that tenders received by us. if any, from other commercial banks or prim ary 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.
NAM E OF S U B S C R IB E R ( P L E A S E P R IN T OR T Y P E )

Insert this tender in
special envelope marked
“ Tender for Treasury
Notes or Bonds”

PHONE (IN C L U D E A R EA CO D E)

S IG N A T U R E OF S U B S C R IB E R OR A U TH O R IZ ED SIG N A T U R E

T I T L E OF A U TH O R IZ ED S IG N E R

(Institutions submitting tenders for customer account must list customers' names on lines below or on an attached rider)

(Name of customer)

(Name of customer)

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 the same yield 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 must be accompanied by payment of 5
percent of the face amount of the securities applied for.
4. Payment must be completed by May 15, 1979. If payment is by check drawn on a bank in this District, it must be received by
May 10, 1979; checks drawn on a bank in another District must be received by May 9, 1979. 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. 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.

[Enc. Cir. No. 8562]



(OVER)

SUBSCRIPTION NO.

SCHEDULE FOR ISSUE OF REGISTERED TREASURY NOTES OF SERIES A-1989
DELIVERY INSTRUCTIONS

PAYMENT INSTRUCTIONS

S U B S C R IB E R ’S N A M E.

□ DELIVER OVER THE COUNTER

□

ADDRESS

____________________

□

SHIP TO SUBSCRIBER

___________________________

□

OTHER INSTRUCTIONS:

BY CHARGE TO OUR
RESERVE ACCOUNT
□ BY CASH OR CHECK IN

IMMEDIATELY AVAILABLE FUNDS
C IT Y

-S T A T E .

.Z IP .

S IG N A T U R E -

R E G IS T R A T IO N

NO. OF
PIECES

IN S T R U C T IO N S

N AM E(S)

ID O R S . S . NO.

ADDRESS

C IT Y

STATE

I D O R S . S . NO .

ADDRESS

STATE

ID O R S . S . NO.

ADDRESS




STATE

1 ,0 0 0

32

5 ,0 0 0

34

1 0 ,0 0 0

38

1 0 0 ,0 0 0

42

1,000,000

99

TOTAL

Z IP

AMOUNT

S E R I A L NOS.
(L EAV E BLANK)

□

BY SURRENDER OF
MATURING SECURITIES
f- ] BY CHARGE TO MY
CORRESPONDENT BANK

TRANS. A C C O U N T IN G D A T E

ISSUE A G E N T

30

1,000

32

5 ,0 0 0

34

1 0 ,0 0 0

38

1 0 0 ,0 0 0

42

1 ,0 0 0 , 0 0 0

99

TOTAL

F O R F R B USE ONLY

T R . C A S E NO .
30

1,000

32

5 ,0 0 0

34

1 0 ,0 0 0

38

1 0 0 ,0 0 0

42

1 ,0 0 0 , 0 0 0

99

TOTAL

12 L O A N C O D E

110-01

T R . CASE NO.

Z IP

N A M E(S)

C IT Y

30

Z IP

N A M E(S )

C IT Y

DENOM.

FOR F R B USE ONLY

T R . C A S E NO .

Form BA
I M P O R T A N T — C lo s in g tim e fo r re ce ip t o f th is te n d e r is 1:30 p .m ., W e d n e sd a y , M a y 2 , 1979

T E N D E R FO R 30-Y EAR TR EA SU R Y BONDS O F 2004-2009

are requested, the regulations 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
in inscribing the securities and establishing and servicing the ownership and interest records. The transaction will not be completed unless all required data is furnished.

D a te d M a y 1 5 ,1 9 7 9

D u e M a y 15, 2 0 0 9

Dated at .

FEDERAL RESERVE BANK OF NEW YORK.
Fiscal Agent of the United States,
New York. N.Y. 10045

The undersigned hereby offers to purchase the above-described securities in the am ount 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 not fill in both Competitive and
Noncompetitive tenders on one form

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 ie ld :.........

N O N C O M P E T IT IV E T E N D E R

$ ..............................................................(maturity value)
(Not to exceed $1,000,000 for one bidder through all sources)

at the average price of accepted competitive bids.

(Yield must be expressed with not more than two
decimal places, for example, 7.11)

Subject to allotment, please issue, deliver, and accept payment for the securities as indicated below and
on the reverse side (if registered securities are desired, please also complete schedule on reverse side):

Pieces

Denomination
$

Maturity value

1,000
5,000
10.000
100,000

l~l Deliver over the counter to the
undersigned (1)
□ Ship to the undersigned (2)
□ Hold in safekeeping (for member
bank only) in —
□ Investment Account (4)
□ General Account (5)
□ Trust Account (6)

Payment will be made as follows:
By charge to our reserve account (D)
By cash or check in immediately
available funds (F)
_By surrender of maturing securities (E)
By charge to my correspondent
bank...................................................... (D)

□

Hold as collateral for Treasury Tax and
Loan Account* (7)

□ Special instructions (3)

□

Wire to

(Name of bank)

1.000.000
Totals

..........................................................................................................................( 8 )

(Exact Receiving Bank Wire Address/Account)
* 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 am ounts set forth opposite their
names on the list w hich 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.
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 conditions,
agreements, and certifications set forth in this form.
NAM E OF S U B S C R IB E R ( P L E A S E P R IN T OR T Y P E )

A D D R E SS

Insert this tender in
special envelope marked
“ Tenderfor Treasury
Notes or Bonds"

C IT Y

PHONE (IN C L U D E A R EA CO D E)

STATE

Z IP

S IG N A T U R E OF S U B S C R IB E R Of A U TH O R IZ E D SIG N A T U R E

T I T L E OF A U TH O R IZ E D S IG N E R

(Institutions submitting tenders for customer account must list customers’ names on lines below or on an attached rider)

(Name of customer)

(Name of customer)

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 the same yield 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 sayings 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 must be accompanied by payment of 5
percent of the face amount of the securities applied for.
4. Payment must be completed by May 15, 1979. If payment is by check drawn on a bank in this District, it must be received by
May 10, 1979; checks drawn on a bank in another District must be received by May 9, 1979. All 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 disregarded.

[Enc. Cir. No. 8562]




(OVER)

SUBSCRIPTION NO

SCHEDULE FOR ISSUE OF REGISTERED TREASURY BONDS OF 2004-2009
DELIVERY INSTRUCTIONS

PAYMENT INSTRUCTIONS

S U B S C R I B E R ’ S N A M E __________________________________________________________________________

□

DELIVER OVER THE COUNTER

ADDRESS

□

SHIP TO SUBSCRIBER

□ BY CHARGE TO OUR
RESERVE ACCOUNT
□ BY CASH OR CHECK IN

□

OTHER INSTRUCTIONS:

□

______________________________________________________________________________________________

IMMEDIATELY AVAILABLE FUNDS
C IT Y

_______________________________________________________ S T A T E __________________________ Z I P

S I G N A T U R E __________________________________________________________________________________________

R E G IS T R A T IO N

NO. OF
PIECES

IN S T R U C T IO N S

N A M EIS)

I D O R S . S . NO.

ADDRESS

C IT Y

STATE

I D O R S . S . NO .

ADDRESS

STATE

ID O R S .S . NO.

ADDRESS




STATE

1 ,0 0 0

32

5 ,0 0 0

34

1 0 ,0 0 0

38

1 0 0 ,0 0 0

42

1 ,000,000

99

TOTAL

Z IP

AM OUNT

S E R I A L NOS.
(L EAV E BLANK)

TRANS. A C C O U N T IN G D A T E

ISSUE A G E N T

30

1 ,0 0 0

32

5 ,0 0 0

34

1 0 ,0 0 0

38

1 0 0 ,0 0 0

42

1 ,0 0 0 , 0 0 0

99

TOTAL

F O R F R B USE ONLY

T R . CASE NO.
30

1 ,00 0

32

5 ,0 0 0

34

1 0 ,0 0 0

38

100,000

42

1 ,0 0 0 , 0 0 0

99

TOTAL

12 L O A N C O D E

110-01

T R . C AS E HO,

Z IP

N A M EIS)

C IT Y

30

Z IP

N A M EIS)

C IT Y

DENOM.

BY SURRENDER OF
MATURING SECURITIES
r “ | BY CHARGE TO MY
CORRESPONDENT BANK

FO R F R B USE ONLY

T R . C A S E NO .