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FEDERAL RESERVE BANK OF NEW YORK Fiscal A gen t o f the U nited States Circular No. 9780 December 26, 1984 TREASURY TO AUCTION $10,000 MILLION OF 7-YEAM NOTES AND 19-YEAR 10-MGNTH BONDS T o A l l B a n k in g In s titu tio n s , a n d O th e rs 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 h e fo llo w in g is q u o te d fro m a sta tem en t issu ed by th e T reasury D epartm ent: The Department of the Treasury will auction $5,750 million of 7-year notes and $4,250 million of 19-year 10-month bonds to raise new cash. Additional amounts of the securities may be issued to Federal Reserve Banks as agents for foreign and international monetary authorities at the average price of accepted competitive tenders. P rin ted o n th e reverse sid e is a tab le su m m arizing the high ligh ts o f the o fferin g s. C op ies o f th e o ffic ia l o ffe r in g circulars w ill b e fu rn ish ed u p o n request directed to our G overn m en t B o n d D iv isio n (T el. N o . 2 1 2 -791-6619). In a d d itio n , en clo sed are co p ies o f the form s to be u sed in su b m ittin g ten ders. T h is B an k w ill receive ten ders at th e Securities D ep artm en t o f its H ea d O ffic e and at its B u ffa lo Branch o n th e d ates an d tim es sp ecified o n the reverse side o f this circular as th e deadlin es for receipt o f ten ders. All competitive tenders, w h ether tran sm itted by m ail or b y other m ean s, m u st reach this B an k or its Branch by that tim e o n th e sp ecified d a tes. H o w ev er, for in vestors w h o w ish to su b m it n o n co m p etitiv e tenders and w h o fin d it m o re co n v en ien t to m ail their ten ders th an to present th em in p erso n , th e o ffic ia l o fferin g cir cular for each o ffe r in g p rovid es th at noncompetitive tenders w ill be con sid ered tim ely received if th ey are m ailed to this B an k or its B ranch under a p ostm ark n o later th an th e d ate p reced ing the date sp ecified for receipt o f ten d ers. B idders su b m ittin g n o n c o m p e titiv e tenders sh ou ld realize th at it is p o ssib le that the average price m ay be a b o v e par, in w h ich case th ey w o u ld h ave to p ay m ore th an the fa ce value for the securities. P a y m en t w ith a ten der m a y b e m ad e in cash , by ch eck , in T reasury securities m aturing o n or b efo re the issue d ate o f th e secu rities b ein g p u rch ased , by a charge to an in stitu tio n ’s reserve a cco u n t at this B an k , or, in th e case o f T reasury T ax and L o a n N o te O p tio n D ep o sita ries, b y credit to a T reasury T ax and L o a n N o te A c c o u n t. P a y m en t b y ch eck m u st be in the form o f an o ffic ia l b an k ch eck , a Federal fu n d s ch eck (a check draw n b y a d e p o sito ry in stitu tio n o n its F ederal R eserve a cco u n t), or a p erson al ch eck , w h ich n eed n o t be certified . A ll ch eck s m u st b e draw n p ayab le to th e Federal R eserve B ank o f N ew Y ork; checks endorsed to this Bank will not he accepted. R ecord ed m essages p ro v id e in fo r m a tio n a b o u t Treasury o fferin g s and a b o u t a u ctio n results: at the H ea d O ffic e — T el. N o . 212-791-7773 (o fferin g s) and T el. N o . 212-791-5823 (results); at the B u ffa lo B ranch — T el. N o . 716-8 4 9 -5 0 4 6 . A d d itio n a l inquiries regarding this o fferin g m ay be m ade by callin g, at the H ea d O ffic e , T el. N o . 2 1 2 -7 9 1 -6 6 1 9 , or, at the B u ffa lo B ranch, T el. 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 OF 7-YEAR NOTES AND 19-YEAR 10-MQNTH BONDS 7-Y ear N o te s 19-Y ear 1 0-M on th B on d s A m o u n t O ffered: To the public..................................... ....... $5,750 million $4,250 million D escrip tio n o f Security: Term and type of security..................... ....... 7-year notes 19-year 10-month bonds (reopening) Series and CUSIP designation............... ....... Series D-1992 (CUSIP No. 912827 RT1) 11-5/8% Bonds of 2004 (CUSIP No. 912810 DM7) Issue date......................................... ........January 4,1985 January 8,1985 Maturity date..................................... ....... January 15, 1992 November 15, 2004 Call date........................................... ....... No provision No provision Interest rate...................................... ....... To be determined, based on the average of accepted bids 11-5/8% 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........................ ....... July 15 and January 15 (first payment on July 15, 1985) May 15 and November 15 (first payment on May 15, 1985) Minimum denomination available......... ....... $1,000 $1,000 T erm s o f Sale: Method of sale............... ................. ....... Yield auction Yield auction Competitive tenders . ... ...................... ....... Must be expressed as an annual yield, with two decimals, e.g., 7.10% Must be expressed as an annual 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 Accruedinterest payablebyinvestor........... ....... None $22.39551 per $i,000 (fromOctober 30,1984, to January 8, 1985) Payment through Treasury Tax and Loan (TT&L) Note Accounts............ ....... Acceptable for TT&L Note Option Depositaries Acceptable for TT&LNote Option Depositaries Payment by non-institutional investors............................................... F ull p aym en t to be su b m itted F u ll p a y m e n t to b e su b m itted w ith tender Deposit guarantee by designated institutions............................................Acceptable w ith tender Acceptable Key D ates: Receipt of tenders.............................. ....... W ed n esd a y , Jan u ary 2 ,1 9 8 5 , p rior to 1:00 p .m ., E S T Settlement (final payment due from institutions) a) cash or Federal funds.................... ........Friday, January 4, 1985 b) readily collectible check, Wednesday, January 2, 1985 T h u rsd a y , Jan u ary 3 ,1 9 8 5 , p rior to 1:00 p .m ., E S T Tuesday, January 8, 1985 Friday, January 4, 1985
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