Full text of Federal Reserve Bank of New York Circulars : 9015. Treasury to Auction $8,600 Million of 91-Day and 182-Day Bills

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FEDERAL RESERVE BANK
OF NEW YORK
Fiscal Agent of the United States
Circular No. 90 1 5
February 9, 1981

TREASURY TO AUCTION $8,600 MILLION OF 91-DAY AND 182-DAY BILLS

To All Incorporated Banks and Trust Companies, and Others
Concerned, in the Second Federal Reserve District:

The Treasury Department today announced its weekly offering of
91-day and 182-day bills, to be issued February 19, 1981* The closing time
for receipt of tenders is 1:30 p.m., Friday, February 13, 1981.
Because of the close proximity of the auction date, we are printing
belov only an abbreviated summary of tne offering. The full text will be
furnished upon request directed to our Government Bond Division.
HIGHLIGHTS
91-day bills

182-day bills

Amounts offered
($7,813 million of
maturing bills are
outstanding)*

$U,300 million
(originally issued
in the amount of
$8,0Ul million)

$U,300 million

Issue dates

February 19, 1981
(series dated
May 27, 1980)

February 19, 1981

Maturity dates

May 21, 1981

August 20, 1981

CUSIP designations

912793 6B7

912793 7Q3

Minimum denomination available

$10,000

$ 10,000

•This offering will provide $800 million of new cash for the Treasury
as the maturing bills are outstanding in the amount of $7,813 million, including
$1,876 million currently held by Federal Reserve Banks as agents for foreign
and international monetary authorities, and $1,712 million currently held by
Federal Reserve Banks for their own account.
Each tender submitted must state the amount of any net long position
in the bills being offered if such position is in excess of $200 million. This
information should reflect positions held as of 12:30 p.m. Eastern time on the
day of the auction. Such positions would include bills acquired through "when
issued" trading, and futures and forward transactions as well as holdings of
outstanding bills with the same maturity date as the new offering; e.g., bills
with three months to maturity previously offered as six-month bills.




A

nthony

M.

Solomon,

President