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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Circular No. 9643 February 22, 1984 TREASURY TO AUCTION $6,000 MILLION OF 5-YEAR 2-MONTH NOTES T o A l l B a n k in g In 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: The following statement was issued by the Treasury Departm ent: The D epartm ent of the Treasury will auction $6,000 million of 5-year 2-month notes to raise new cash. A dditional am ounts of the notes may be issued to Federal Reserve Banks as agents for foreign and international m onetary 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 prior to 1:30 p.m ., Eastern Standard time, Tuesday, February 28, 1984, at the Securities Departm ent of its Head Office and at its Buffalo Branch. A l l c o m p e t i t i v e t e n d e r s , 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 n o n c o m p e t i t i v e tenders will be considered timely received if they are mailed to this Bank or its Branch under a postm ark n o l a t e r t h a n F eb ru a ry 27. 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; c h e c k s e n d o r s e d to t h i s B a n k w i l l n o t b e a c c e p t e d . Payment may also be made in cash or in Treasury securities maturing 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'H ead Office, Tel. No. 212-791-6619, or, at the Buffalo Branch, Tel. No. 716-849-5016. Anthony m . So l o m o n , P r e s id e n t. (Over) H IG H LIG H TS OF TREASURY OFFERING TO TH E PUBLIC OF 5-YEAR 2-M ONTH NOTES TO BE ISSUED M ARCH 5, 1984 A m ount Offered: To the p u b lic ............................................................ $6,000 million Description of Security: Term and type of security....................................... 5-year 2-month notes Series and CUSIP d esignation .............................. Series H-1989 (CUSIP No. 912827 QN5) M aturity d a te ............................................................ May 15, 1989 Call d a t e .................................................................... No provision Interest r a t e .............................................................. To be determined, based on the average of accepted bids Investment yield....................................................... To be determined at auction Prem ium or discount............................................... To be determined after auction Interest payment d a t e s ........................................... November 15 and May 15 (first paym ent on November 15, 1984) Minimum denom ination available........................ $ 1,000 Terms of Sale: M ethod of s a le .......................................................... Yield auction Competitive te n d e r s ............................................... M ust be expressed as an annual yield, with two decimals, e.g., 7.10°7o Noncompetitive te n d e r s ......................................... Accepted in full at the average price up to $1,000,000 Accrued interest payable by investor................... None Paym ent by non-institutional in v e s to rs ............. Full paym ent to be subm itted with tender Deposit guarantee by designated institutions Acceptable Key Dates: Receipt of te n d e r s ................................................... Settlement (final payment due from institutions) a) cash or Federal fu n d s.................................... b) readily collectible check................................ Tuesday, February 28, 1984, prior to 1:30 p.m ., EST M onday, M arch 5, 1984 Thursday, M arch 1, 1984
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