The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States I Circular No. 8611 July 26, 1979 TREASURY A N N O U N C ES AU G U ST QUARTERLY FIN A N C IN G 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 $2,400 million of new cash and refund $4,827 million of securities maturing August 15, 1979, by issuing $2,750 million of 3-year notes, $2,500 million of 71/2-year notes and $2,000 million of 2914-year bonds. The 7'/2-year notes will be an addition to the 9®7o notes of Series B-1987 originally issued February 15, 1979. The bonds will be an addition to the 9/,% Bonds of 2004-2009 originally issued May 15, 1979. The $4,827 million of maturing securities are those held by the public, including $1,196 million held, as of today, 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 $2,721 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 aggregate 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. A ll 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 Of1TREASURY OFFERINGS TO THE PUBLIC AUGUST 1979 FINANCING TO BE ISSUED AUGUST 15, 1979 (Delivery date fo r coupon securities is August 15, 1979) 7V't-Year Notes 29 V<-Year Bonds $2,500 million $2,000 million 7 'A -year notes 29 Va-year bonds Series and CUSIP designation.......... Series M-1982 (CUSIP No. 912827 JV5) 9% Series B-1987 (CUSIP No. 912827 JK9) 9/,% Bonds of 2004-2009 (CUSIP No. 912810 CGI) Maturity d a te ................................... August 15, 1982 February 15, 1987 May 15,2009 Call date............................................. No provision No provision May 15, 2004 9% 9 V,*h To be determined at auction To be determined at auction 3-Year Notes Amount Offered: To the public..................................... $2,750 million Description of Security: Term and type of security................ 3-year notes Interest coupon ra te ......................... To be determined, based on the average of accepted bids Investment yield............................... To be determined at auction Premium or discount....................... To be determined after auction To be determined after auction To be determined after auction Interest payment dates..................... February 15 and August 15 February 15 and August 15 November 15 and May 15 $ 1,000 $ 1,000 Price auction Price auction None $22.81250 per $1,000 (from May 15,1979 to August 15,1979) Minimum denomination available .. $5,000 Terms of Sale: Method of s a le ................................. Yield auction Accrued interest payable by investor .. None Preferred allotm ent......................... Noncompetitive bid for $1,000,000 or less Noncompetitive bid for $1,000,000 or less Noncompetitive bid for $1,000,000 or less Deposit requirement......................... 5% of face amount 5°/o of face amount 5% of face amount Acceptable Acceptable Wednesday, August 1, 1979, by 1:30 p.m., EDST Thursday, August 2, 1979, by 1:39 p.m., EDST Wednesday, August 15, 1979 Wednesday, August 15, 1979 b) check drawn on bank within FRB district where submitted . . . Friday, August 10, 1979 Friday, August 10, 1979 Friday, August 10, 1979 c) check drawn on bank outside FRB district where submitted . . . Thursday, August 9, 1979 Thursday, August 9,1979 Thursday, August 9, 1979 Wednesday, August 15, 1979 Wednesday, August 15, 1979 Deposit guarantee by designated institutions................................... Acceptable Key Dates: Deadline for receipt of tenders........ Tuesday, July 31, 1979, by 1:30 p.m., EDST Settlement date (final payment due) a) cash or Federal fu n d s.............. Wednesday, August 15, 1979 Delivery date for coupon securities . . . Wednesday, August 15,1979 FO RM BA IMPORTANT—Closing time for receipt of this tender is 1:30 p.m., Thursday, August 2, 1979 TENDER FOR 9 y8% TREASURY BONDS OF 2004-2009 ADDITIONAL AMOUNT To •Sg.=S’sS 3 ft• «tn (J XB i!_ 8 F e d er a l R eserv e B a n k of N e w Y ork Dated at Fiscal Agent of the United States New York, N.Y. 10045 , 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 (plus accrued interest of $22.81250 per $1,000). Do not fill in both Competitive and Noncompetitive tenders on one form COMPETITIVE TENDER $ ........................................................................ (m a tu r ity v a lu e ) or an y lesser a m o u n t th at m a y be aw ard ed . Price:................. per 100 (minimum of 92.75) NONCOMPETITIVE TENDER $ ........................................................................ (m a tu r ity v a lu e ) (N ot to exceed $1,000,000 for one bidder through all sources) at th e a v era g e p rice of a ccep ted co m p etitiv e bids. (Price must be expressed with not more than two decimal places, for example, 100.00) Subject to allotment, please issue, deliver, and accept payment for the securities as indicated b elo w on the reverse side ( i f r e g i s t e r e d s e c u r i t i e s a r e d e s i r e d , p l e a s e a l s o c o m p l e t e s c h e d u l e o n r e v e r s e s i d e ) : j-2-c OO Pieces c Denominations Maturity value .2 c $ 1 ,0 0 0 caj a $ 5,000 g< c jn JS o g jj'H O -*-* 03 ■£ -a.2pC rt 2o $ 1 0 ,0 0 0 $ 1 0 0 ,0 0 0 K 8l $ 1 ,0 0 0 ,0 0 0 ° ^ d J3 rt tuO $ £ c 8 -g.S 8| E •52 O 1/3 c ^ T3 5 c c o IE ™ •— m “ u.fc : g j: 3B « 3L) to QJu£ - <L» k L>p grt flj ^ : S.ji 1 bc'C 1E u !E.S V : S-S Payment will be made as follows: □ By charge to our reserve account 1°) □ By cash or check in immediately available funds □ By surrender of maturing securities <E) □ By charge to my correspondent bank ..................................................<D) (N am e of b an k ) □ Special instructions U) □ W ire to........................................................................................................................... (8) Totals ( E x a c t R e c e iv i n g B a n k W i r e A d d r e s s / A c c o u n t ) *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.) W e H er eby C e r t if y th at w e h ave n o t m ad e an d w ill n o t m ake a n y a g reem en ts fo r the sale or p u rch ase o f an y secu ritie s o f th is is su e p rior to th e c lo s in g tim e for receip t o f th is ten d er. W e F u r t h e r C e r t if y th at w e h a v e receiv ed te n d e r s from cu sto m ers in th e am o u n ts se t forth op p osite th eir n am es on th e list w h ich is m ad e a part of th is te n d e r , and th at w e h ave receiv ed and are h o ld in g fo r th e T r e a su r y , or th at w e gu a ra n tee p a y m en t to th e T r e a su r y , o f the d ep o sits stip u lated in th e official o fferin g c ir cular. W e F u r t h e r C e r t if y that ten d ers received by u s, if a n y , from oth er com m ercial b anks or p rim ary dealers for th eir o w n accou n t, and fo r th e accou n t of th eir c u sto m e r s, h ave b een en tered w ith u s u n d er the sam e c o n d itio n s, a g reem en ts, and certification s set forth in th is form . I- 3 i£ 8 ;co ■» j-a ji l.ti ; c ba iS.S .0 □ Deliver over the counter to the undersigned O) □ Ship to the undersigned (2) □ Hold in safekeeping (for member bank only) in— □ Investment Account W □ General Account (5) □ T rust Account (6) O Hold as collateral for Treasury T ax and Loan Account* (7) and N a m e o f S u b s c rib e r (P le a s e P r i n t o r T y p e ) A d d ress Insert this tender in special envelope marked “ Tender for Treasury Notes or Bonds” C ity P h o n e (In c lu d e A re a C ode) S ta te Z ip C ode S ig n a tu r e o f S u b s c rib e r o r A u th o riz e d S ig n a tu r e T itle o f A u th o riz e d S ig n e r £ E n - S ’g u u-C 3 a .2c cr-3 ^ ° 3 0>-3 ( Institutions submitting tenders for customer account must list dustomers’ names on lines below or on an attached rider) (N a m e o f c u s to m e r) ( N a m e o f c u s to m e r ) IN ST R U C T IO N S: u C c/5 rt rt — 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 i " re ;J5-° Bank their positions with respect to Government securities and borrowings thereon, may submit tenders for customer account; 5 H v . in doing so, they may consolidate competitive tenders at the same price 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. 39-C •*-» u<y 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, E « dealers who make primary markets in Government securities and report daily to the Federal Reserve Bank of New York their 3 C 3 3 positions with respect to Government securities and borrowings thereon, and Government accounts. Tenders from others must 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 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 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 Y o rk ; checks endorsed to this Bank zcill not be accepted. 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. 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 TREASURY SECURITIES SUBSCRIPTION NO DELIVERY INSTRUCTIONS PAYMENT INSTRUCTIONS □ DELIVER OVER THE COUNTER □ BY CHARGE TO OUR RESERVE ACCOUNT □ SHIP TO SUBSCRIBER □ □ OTHER INSTRUCTIONS: BY CASH OR CHECK IN IMMEDIATELY AVAILABLE FUNDS □ BY SURRENDER OF MATURING SECURITIES □ BY CHARGE TO MY CORRESPONDENT BANK FOR FRB USE O N L Y SUBSCRIBER'S NAME ADDRESS _____________ C IT Y __________________ -STATE _ZIP SIGNATURE NO. OF PIECES REGISTRATION INSTRUCTIONS NAME(S) ID OR S.S. NO. ADDRESS CITY STATE DENOM. 30 1,000 32 5,000 34 10,000 38 loo.ooo 42 1,000.000 99 TOTAL SERIAL NOS. (LEAVE BLANK) ISSU E AG ENT 12 30 1,000 32 5,000 34 10,000 38 100,000 FOR FRB USE ONLY 42 1,000,000 99 TOTAL ID OR S.S. NO. ADDRESS CITY STATE TR. CASE NO. ZIP NAME(S) 30 1,000 32 5,000 34 10,000 38 100,000 42 1,000,000 99 TOTAL ID OR S.S. NO. ADDRESS TR. CASE NO. CITY STATE ZIP LOAN CODE 110 01 TR. CASE NO. ZIP NAME(S) AMOUNT TRANS. ACCOUNTING DATE Form NB IMPORTANT — Closing time for receipt of this tender is 1:30 p.m., Wednesday, August 1, 1979 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. T E N D E R F O R 7 V i-Y E A R 9«7o T R E A S U R Y N O T E S O F SE R IE S B -1987 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 $ ......................... (maturity value) or any lesser amount that may be awarded. Price............. per 100 (minimum of 98.25) NONCOMPETITIVE TENDER $ ......................... (maturity value) (Not to exceed SI.000.000 for one bidder through all sources) at the average price of accepted competitive bids. (Price must be expressed with not more than two decimal places, fo r example, 100.00) Subject to allotment, please issue, deliver, and accept payment for the securities as indicated below and on the reverse side (ifregisteredsecuritiesaredesired, pleasealsocomplete schedule on reverseside): Pieces Denomination $ Maturity value 1,000 5.000 10.000 100,000 Q 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) O Hold as collateral for Treasury Tax and Loan Account* (7) 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) (Name of bank) □ Special instructions (3) 1,000.000 □ Wire to 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.) W E H E R E B Y CERTIFY that we have not made and will not make any agreements forthe sale or purchase of any securities of this issue prior to the closing time for receipt of this tender. W E F U R T H E R CERTIFY that we have received tenders from customers in the amounts set forth opposite their names on the list which ismade 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 CERTIFYthat tenders received by us, ifany, 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 certificationsset 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" C IT Y PHONE (IN C L U D E A R EA CO O 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 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 price 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 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 submitted with the tender. Personal checks submitted with the tender, either as a deposit or for the face amount of the securities, do 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 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; checks endorsed to this Bank will not be accepted. 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) provides 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. 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) SUBSCRIPTION NO SCHEDULE FOR ISSUE OF REGISTERED TREASURY SECURITIES DELIVERY INSTRUCTIONS PAYMENT INSTRUCTIONS N A M E ___________________________________________________________________________ □ D ELIV ER OVER THE COUNTER □ _______________________________________________________________________________________________ □ SHIP TO SUBSCRIBER □ □ OTHER INSTRUCTIONS: □ S U B SC R IB ER 'S ADDRESS F O R F R B USE O N L Y BY CHARGE TO OUR RESERVE ACCOUNT BY CASH OR CHECK IN TRANS. A C C O U N T I N G D A T E IMMEDIATELY A VA IL A B L E FUNDS C ITY ________________________________________________________ S T A T E __________________________ Z I P n S I G N A T U R E ___________________________________________________________________________________________ R EG ISTR A TIO N NO. OF PIECES IN STRU CTIO N S NAME(S) I D O R S . S . N O. ADDRESS CITY STATE I D O R S . S . N O. ADDRESS STATE ID O R S . S. NO. ADDRESS STATE 1,000 32 5 ,0 0 0 34 10,000 38 100,000 42 1 ,0 0 0 ,0 0 0 99 TOTAL ZIP AMOUNT S E R I A L NOS. ( L E AVE BLANK) FO R FR B I S S U E A G E N T 12 30 1,0 00 32 5 ,0 0 0 34 10 ,000 38 100,000 42 1 ,0 0 0 ,0 0 0 99 TOTAL USE O N LY T R . CASE NO. 30 1,000 32 5.0 0 0 34 10 ,000 38 10 0,00 0 42 1 ,0 0 0 ,0 0 0 99 TOTAL LOAN CODE 110-01 T R . CASE NO. ZIP N AME(S) CITY 30 ZIP NAME(S) CITY DENOM. BY SURRENDER OF MATURING SECURITIES BY CHARGE TO MY CORRESPONDENT BA N K T R . C A S E NO. Form NA IMPORTANT — Closing time for receipt of this tender is 1:30 p.m., Tuesday, July 31, 1979 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. TENDER FOR 3-YEAR TREASURY NOTES OF SERIES M-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. Do not fill in both Competitive and Noncompetitive tenders on one form COMPETITIVE TENDER $ ..................................................... (maturity value) or any lesser amount that may be awarded. Yield:....... NONCOMPETITIVE TENDER $ ..................................................... (maturity value) (Not to exceed $1,000,000for 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. / /) 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 XXX xxxxxx $ Maturity value XXX XXX XXX 5,000 10,000 100,000 □ Deliver over the counter to the undersigned (I) □ Ship to the undersigned (2) □ Hold in safekeeping (for member bank only) in — □ Investment Account (4) □ General Account (5) □ Trust Account (6) □ Hold as collateral for Treasury Tax and Loan Account* (7) 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) ____________ (Name of bank)_______ □ Special instructions (3) 1,000,000 □ Wire to 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 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. 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. NAME 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" A D D R ESS STATE C IT Y 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 ED SIG N A TU RE PHONE (IN C L U D E A R EA CO D E) T I T L E OF A U TH O R IZ ED SIG N ER (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 $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 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 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 submitted with the tender. Personal checks submitted with the tender, either as a deposit or for the face amount of the securities, do 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 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; checks endorsed to this Bank will not be accepted. 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) provides 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. 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. 5 . (OVER) SUBSCRIPTION NO. SCHEDULE FOR ISSUE OF REGISTERED TREASURY SECURITIES DELIVERY INSTRUCTIONS PAYMENT INSTRUCTIONS S U B S C R I B E R ’S N A M E . □ D ELIV ER OVER THE COUNTER □ ADDRESS □ SHIP TO SUBSCRIBER □ □ OTHER INSTRUCTIONS: □ ____________________ BY CHARGE TO OUR RESERVE ACCOUNT BY CASH OR CHECK IN IMMEDIATELY A V A ILA B LE FUNDS C IT Y ____________________________ s i g n a t u r e .S T A T E . .Z IP . . R EG ISTR A TIO N NO. OF P IE C E S IN STR U CTIO N S AMOUNT S E R IA L NOS. (L E A V E B LA N K ) FOR FR B USE ONLY BY SURRENDER OF MATURING SECURITIES [~ ] BY CHARGE TO MY CORRESPONDENT BANK TRANS. A C C O U N T I N G D A T E ISSUE A G E N T 110-01 F O R F R B USE ONLY 5 ,0 0 0 NAME(S) 10,000 1 0 0 ,0 0 0 1,0 0 0 ,0 0 0 I D O R S . S . N O. 99 TOTAL ADDRESS CITY STATE ZIP T R . C A S E NO. N AME(S) 5 ,0 0 0 10,000 1 0 0 ,0 0 0 1, 0 0 0 , 0 0 0 I D O R S . S . N O. 99 TOTAL ADDRESS CITY STATE ZIP T R . C A S E NO. N AME(S) 5,0 00 10,000 100,000 1, 0 0 0 , 0 0 0 ID O R S.S. NO. 99 TOTAL ADDRESS CITY STATE ZIP 12 L O A N C O D E T R . C A S E NO.
@FedFRASER