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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Circular No. 9512 June 15. 1983 TREASURY A N NO UNCES NOTE A N D BOND OFFERINGS TOTALING $14,250 MILLION To A ll Banking Institutions, and Others Concerned, in the Second Federal Reserve District: The following is quoted from a statement issued by the Treasury Department: The Treasury will raise about $11,600 million of new cash by issuing $5,750 million of 4-year notes, $5,000 million of 7-year notes, and $3,500 million of 20-year 1-month bonds. This offering will also refund $2,697 million of 4-year notes maturing June 30, 1983. The $2,697 million of maturing 4-year notes are those held by the public, including $44 million currently held by Federal Reserve Banks as agents for foreign and international monetary authorities. In addition to the maturing 4-year notes, there are $4,117 million of maturing 2-year notes held by the public. The disposition of this latter amount was announced last week. Federal Reserve Banks, as agents for foreign and international monetary authorities, currently hold $564 million, and Government accounts and Federal Reserve Banks for their own account hold $916 million of maturing 2-year and 4-year notes. The matur ing securities held by Federal Reserve Banks for their own account may be refunded by issuing additional amounts of the new 2-year and 4-year notes at the average prices of accepted competitive tenders. The $14,250 million is being offered to the public, and any amounts tendered by Federal Reserve Banks as agents for foreign and international monetary authorities will be added to that amount. Tenders for such accounts will be accepted at the average prices of accepted competitive tenders. Printed on the reverse side is a table summarizing the highlights o f the offerings. Copies o f the official offering circulars will be furnished upon request directed to our Government Bond Division (Tel. N o. 212-791-6619). In addition, enclosed are copies o f the forms to be used in submitting tenders. This Bank will receive tenders at the Securities Department o f its Head O ffice and at its Buffalo Branch on the dates and time specified on the reverse side o f this circular as the deadlines for receipt o f 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 cir cular for each offering provides that noncompetitive tenders will be considered 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 o f 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 with a tender may be in the form o f 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 o f New York; checks endorsed to this Bank will not be accepted. Payment may also be made in cash or in Treasury securities maturing on or before the issue date o f the securities being purchased. Recorded messages provide information about Treasury offerings and about auction results: at the Head O ffice — Tel. N o. 212-791-7773 (offerings) and Tel. N o. 212-791-5823 (results); at the Buffalo Branch — Tel. N o. 716-849-5046. Additional inquiries regarding these offerings may be made by calling, at the Head O ffice, Tel. N o. 212-791-6619, or, at the Buffalo Branch, Tel. N o. 716-849-5016. ANTHONY M. SOLOMON, President. (Over) HIGHLIGHTS OF TREASURY OFFERINGS TO THE PUBLIC 4-Year Notes 7-Year Notes 20-Year 1-Month Bonds $5,000 million $3,500 million Term and type o f secu rity ............... . 4-year notes 7-year notes 20-year 1-month bonds Series and CUSIP designation......... . Series J-1987 (CUSIP No. 912827 PR7) Series E-1990 (CUSIP No. 912827 PS5) Bonds o f 2003 (CUSIP No. 912810 DE5) Issue date ........................................... .June 30,1983 July 5,1983 July 5,1983 Maturity d a t e ..................................... . June 30,1987 July 15, 1990 August 15, 2003 Call date................................................ . No provision No provision No provision Interest ra te......................................... . To be determined, based on the average o f accepted bids To be determined, based on the average o f accepted bids To be determined, based on the average o f accepted bids Investment y ie ld ................................. . To be determined at auction To be determined at auction To be determined at auction Premium or d isco u n t........................ . To be determined after auction To be determined after auction To be determined after auction Interest payment d ates...................... . December 31 and June 30 January 15 and July 15 (first payment on January 15, 1984) February 15 and August 15 (first payment on February 15, 1984) Minimum denomination available . .$1,000 $1,000 $1,000 Yield auction Yield auction Amount Offered: To the pu blic....................................... . $5,750 million Description of Security: Terms of Sale: Method o f s a l e ................................... . Yield auction Must be expressed as an annual Must be expressed as an annual Competitive tenders.......................... . Must be expressed as an annual yield, with two decimals, e.g., 7.10% yield, with two decimals, e.g., 7.10% yield, with two decimals, e.g., 7.10% Noncompetitive tenders.................... . Accepted in full at the average price up to $ 1,000,000 Accepted in full at the average price up to $ 1,000,000 Accepted in full at the average price up to $1,000,000 Accrued interest payable by investor . . None None None Full payment to be submitted with tender Full payment to be submitted with tender Acceptable Acceptable Wednesday, June 22,1983, by 1:30 p.m., EDST Thursday, June 23,1983, by 1:30 p.m., EDST Tuesday, July 5, 1983 Tuesday, July 5, 1983 Thursday, June 30, 1983 Thursday, June 30, 1983 Payment by non-institutional investors......................................... . Full payment to be submitted with tender Deposit guarantee by designated institutions..................................... . Acceptable Key Dates: Deadline for receipt o f ten d ers___ . Tuesday, June 21,1983, by 1:30 p.m., EDST Settlement date (final payment due from institutions) a) cash or Federal fu n d s ............. . Thursday, June 30, 1983 b) readily collectible c h e c k ......... .Tuesday, June 28, 1983
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