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FEDERAL RESERVE BANK OF NEW YORK F iscal A gen t o f the U n ited States Circular No. 9330 July 29, 1982 TREASURY A N N O U N C ES A UG UST QUARTERLY FINANCING T o A l l B a n k in g I n s titu tio n s , a n d O th e r s C o n c e rn e d , in th e S e c o n d F e d e ra l R e s e r v e D is tr ic t: T he follow in g is quoted from a statem ent issued by the Treasury Departm ent: The Treasury will raise about $6,700 million of new cash and refund $4,267 million of securities maturing August 15, 1982, by issuing $6,000 million of 3-year notes and $5,000 million of 9-3/4-year notes. The 9-3/4-year notes will be an addition to the 13-3/4% notes o f Series B-1992, originally issued May 17, 1982. The public currently holds $4,014 million of the outstanding 13-3/4% notes. The $4,267 million of maturing securities are those held by the public, including $678 million held, as of July 28, 1982, by Federal Reserve Banks as agents for foreign and international monetary authorities. In addi tion to the public holdings, Government accounts and Federal Reserve Banks, for their own accounts, hold $2,238 million of the maturing securities that may be refunded by issuing additional amounts o f new securities. Additional amounts of the new securities may also be issued to Federal Reserve Banks, as agents for foreign and international 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 sum m arizing the highlights o f the offerin gs. C opies o f the o fficia l offering circulars will be furnished upon request directed to our G overnm ent Bond D ivision (Tel. N o . 212-791-6619). In addition, enclosed are copies o f the form s to be used in subm itting tenders. This Bank will receive tenders at the Securities D epartm ent o f its H ead O ffice and at its B u ffalo Branch on the dates and tim es specified on the reverse side o f this circular as the deadlines for receipt o f tenders. A ll com petitive tenders, whether transm itted by mail or by other m eans, m ust reach this Bank or its Branch by that tim e on the specified dates. H ow ever, for investors w ho wish to subm it n oncom petitive tenders and w ho find it m ore convenient to m ail their tenders than to present them in person, the official offerin g cir cular for each offering provides that noncom petitive tenders will be considered tim ely received if they are m ailed to this Bank or its Branch under a postm ark no later than the date preceding the date specified for receipt o f tenders; Bidders subm itting n oncom petitive tenders should realize that it is possible that the average price m ay be above par, in which case they w ould have to pay m ore than the face value for the securities. P aym ent with a tender may be in the form o f a personal check, which need not be certified, an o fficia l bank check, or a Federal funds check (a check drawn by a d epository institution on its Federal Reserve account). A ll checks m ust be drawn payable to the Federal Reserve Bank o f N ew York; checks endorsed to this Bank will not be accepted. Paym ent may also be m ade in cash or in Treasury securities m aturing on or before the issue date o f the securities being purchased. Recorded m essages provide inform ation about Treasury offerings and about auction results: at the H ead O ffice — Tel. N o . 212-791-7773 (offerings) and Tel. N o . 212-791-5823 (results); at the B u ffa lo Branch — Tel. N o . 716-849-5046. A d d ition al inquiries regarding these offerings m ay be m ade by calling, at the H ead O ffice, Tel. N o . 212-791-6619, or, at the B u ffalo Branch, Tel. N o . 716-849-5016. A n t h o n y M . So l o m o n , President. (Over) HIGHLIGHTS OF TREASURY OFFERINGS TO THE PUBLIC AUGUST 1982 FINANCING SECURITIES TO BE ISSUED AUGUST 16, 1982 3-Year Notes 9%-Year Notes Amount Offered: To the public....................................... $6,000 million $5,000 million Description of Security: Term and type of security.................. 3-year notes 9 3A-year notes Series and CUS1P designation........... Series N-1985 (CUSIP No. 912827 NMO) Series B-1992 (CUSIP No. 912827 NE8) Maturity d a te...................................... August 15, 1985 May 15, 1992 Call date............................................... No provision No provision Interest coupon rate........................... To be determined, based on the average of accepted bids 13 3A °to Investment yield.................................. 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....................... February 15 and August 15 November 15 and May 15 Minimum denomination available ... $5,000 $ 1,000 Yield auction Price auction Accrued interest payable by investor.... None $34.00136 per $1,000 (from May 17, 1982, to Aug. 16, 1982) Preferred allotment............................ Noncompetitive bid for $1,000,000 or less Noncompetitive bid for $1,000,000 or less Full payment to be submitted with tender Full payment to be submitted with tender Acceptable Acceptable Tuesday, August 3, 1982, by 1:30 p.m., EDST Wednesday, August 4, 1982, by 1:30 p.m., EDST Monday, August 16, 1982 Monday, August 16, 1982 b) readily collectible check............ Thursday, August 12, 1982 Thursday, August 12, 1982 Delivery date for coupon securities..... Tuesday, August 24, 1982 Monday, August 16, 1982 Terms of Sale: Method of sale.................................... Payment by non-institutional investors........................................ Deposit guarantee by designated institutions.................................... Key Dates: Deadline for receipt of tenders......... Settlement date (final payment due from institutions) a) cash or Federal funds................
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