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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Circular No. 9249 February 17, 1982 TREASURY TO AUCTION $3,250 MILLION OF 5-YEAR 2-M ONTH NOTES To A ll Banking Institutions, and Others Concerned, in the Second Federal Reserve District: The following statement was issued by the Treasury Departm ent: The Department of the Treasury will auction $3,250 million of 5-year 2-month notes to raise new cash. Additional amounts of the notes may be issued to Federal Reserve Banks as agents for foreign and international monetary authorities at the average price of accepted competitive tenders. Printed on the reverse side is a table summarizing the highlights of the offering. Copies of the official offering circular will be furnished upon request directed to our Government Bond Division (Tel. No. 212-791-6619). In addition, enclosed is a copy of the form to be used in submitting tenders. This Bank will receive tenders up to 1:30 p.m ., Eastern Standard time, Wednesday, February 24, 1982, at the Securities D epartm ent of its Head Office and at its Buffalo Branch. A ll com petitive tenders, whether transm itted by mail or by other means, must reach this Bank or its Branch by that time. However, for investors who wish to submit noncompetitive tenders and who find it more convenient to mail their tenders than to present them in person, the official offering circular provides that noncom petitive tenders will be considered timely received if they are mailed to this Bank or its Branch under a postm ark no later than February 23. 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 with a tender may be in the form of a personal check, which need not be certified, an official bank check, or a Federal funds check (a check drawn by a depository institution on its Federal Reserve account). All checks must be drawn payable to the Federal Reserve Bank of New York; checks endorsed to this Bank will not be accepted. Payment may also be made in cash or in Treasury securities m aturing on or before the issue date of the securities being purchased. Recorded messages provide inform ation about Treasury offerings and about auction results: at the Head Office — Tel. No. 212-791-7773 (offerings) and Tel. No. 212-791-5823 (results); at the Buffalo Branch — Tel. No. 716-849-5046. 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. A nthony M. Solom on , President. HIGHLIGHTS OF TREASURY OFFERING TO THE PUBLIC OF 5-YEAR 2-MONTH NOTES TO BE ISSUED MARCH 3, 1982 (Delivery date fo r coupon securities is March 17, 1982) Amount Offered: To the p u b lic.............................................................. $3,250 million Description of Security: Term and type of security........................................... 5-year 2-month notes Series and CUSIP designation................................... Series E-1987 (CUSIP No. 912827 MY5) Maturity d ate.............................................................. May 15, 1987 Call d a te ...................................................................... No provision Interest coupon r a t e .................................................. 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 Interest payment d a te s ............................................... November 15 and May 15 (first payment on November 15, 1982) Minimum denomination available............................. $ 1,000 Terms of Sale: Method of sale............................................................ Yield auction Accrued interest payable by investor......................... None Preferred allotment.................................................... . Noncompetitive bid for $1,000,000 or less Payment by non-institutional investors..................... Full payment to be submitted with tender Deposit guarantee by designated institutions............. Acceptable Key Dates: Deadline for receipt of tenders..................................... Settlement date (final payment due from institutions) a) cash or Federal funds.......................................... b) readily collectible check...................................... Delivery date for coupon securities............................. Wednesday, February 24, 1982, by 1:30 p.m., EST Wednesday, March 3, 1982 Monday, March 1, 1982 Wednesday, March 17, 1982
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