nycirc_1979_08587.pdf
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CCircular No. 8587 I _ June 14, 1979 _ |
TREASURY TO AUCTION 2-YEAR AND 4-YEAR NOTES
TOTALING $5,500 MILLION
F E D E R A L R E S E RV E B A N K
O F N E W Y O RK
Fiscal Agent of the United States
To Alt Banking Institutions, and Others Concerned, in the Second Federal Reserve District:
The following statement was issued yesterday by the Treasury Department:
The Department of the Treasury will auction $2,750 million of 2-year notes and $2,750 million of 4-yeanotes to refund $3,636 million of notes maturing June 30, 1979, and to raise $1,864 million new cash. The $3,63million of maturing notes are those held by the public, including $823 million currently held by Federal ReservBanks as agents for foreign and international monetary authorities.
In addition to the public holdings, Government accounts and Federal Reserve Banks, for their owaccounts, hold $454 million of the maturing securities tha t may be refunded by issuing additional amounts o f th
new notes at the average prices of accepted competitive tenders. Additional amounts of the new securities maalso be issued at the average prices to Federal Reserve Banks, as agents for foreign and international monetarauthorities, to the extent that the aggregate amount of tenders for such accounts exceeds the aggregate amounof maturing securities held by them.
Printed on the reverse side is a table summarizing the highlights of the offerings. Copies of the officia
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HIGHLIGHTS OF TREASURY
OFFERINGS TO THE PUBLIC
OF 2-YEAR AND 4-YEAR NOTES
TO BE ISSUED JULY 2, 1979
(Delivery date fo r cou pon secu rities is July 6, 1979)
2-Year Notes 4-Year Notes
Amount Offered:
To the pub lic .......................................... .. $2,750 million $2,750 million
Description of Security:Term and type of security....................... .. 2-year notes 4-year notes
Series and CUSIP designation............... .. Series U-1981(CUSIP No. 912827 JS2)
Series E-1983(CUSIP No. 912827 JT0)
Maturity date.......................................... .. June 30, 1981 June 30, 1983
Call date .................................................. .. No provision No provision
Interest coupon r a te ................................. To be determined, based on theaverage of accepted bids
To be determined, based on theaverage of accepted bids
Investment yield..................................... .. To be determined at auction To be determined at auction
Premium or disco un t............................. .. To be determined after auction To be determined after auction
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IMPORTANT— This is a standard for m. Its terms are subject to change at any time by the Treasury. This tender will be construed as a bid to purchase the 2-year notes for which the Treasury has outstanding an invitation for tenders on the date received by the Federal Reserve Bank of New York or its Buffalo Branch.
TENDER FOR 2-YEAR TREASURY NOTES
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To F e d e r a l R e s e r v e B a n k o f N e w Y o r k
Fiscal Agent of the United States
New York, N.Y. 10045
Dated at
, 19.
Pursuant to the provisions of the public notice issued by the Treasury Department inviting tenders forthe current offering of 2-year Treasury notes, the undersigned hereby offers to purchase such currently offeredTreasury notes in the amount indicated below, and agrees to make payment therefor at your Bank on or before.the issue date at the price awarded on this tender.
COMPETITIVE TENDER Do not fill in both Competitive and Noncompetitive tenders on one form NONCOMPETITIVE TENDER
$....................................................... (maturity value)or any lesser amount that may be awarded.
Yield: ..... .......(Yield must be expressed with not more than two
decimal places, for example, 7.11)
$....................................................... (maturity value)
(Not to exceed $1,000,000 for one bidder through all sources)at the average price of accepted competitive bids.
Subject to allotment, please issue, deliver, and accept payment for the securities as indicated below andon the reverse side (if registered securities are desired, please also complete schedule on reverse side):
Pieces Denominations Maturity value
$ 5,000
$ 10,000
$ 100,000
$1,000,000
Totals
□ Deliver over the counter to theundersigned O)
□ Ship to the undersigned (2)□ Hold in safekeeping (for member
bank only) in— □ Investment Account (4)□ General Account (W□ Trust Account (6)
□ Hold as collateral for TreasuryTax and Loan Account* (?)
□ Wire to
Payment will be made as follows :□ By charge to our reserve account (D)□ By cash or check in immediately
available funds (F)□ By surrender of maturing securities (*>□ By charge to my correspondent
bank _____
_______ _________ (D)(Name of bank)
D Special instructions <3)
...................................................................................(»)( i i k i Add /A )
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SCHEDULE FOR ISSUE OF REGISTERED 2-YEAR TREASURY NOTESSUBSCR
SUBSCRIBER’S NAME
ADDRESS ______________
CITY __________________
SIGNATURE
DELIVERY INSTRUCTIONS
□ DELIVER OVER THE COUNTER
□ SHIP TO SUBSCRIBER
□ OTHER INSTRUCTIONS:
_STATE _ZIP
PAYMENT INSTRUCTIONS
□ BY CHARGE TO OUR
RESERVE ACCOUNT
□ BY CASH OR CHECK
IN I M M E D I A T E L Y A V A I L A B L E F U N D S
□ BY SURRENDER OF
MATURING SECURITIES
□ BY CHARGE TO MYCORRESPONDENT BA NK
FO
TRA
I S S U E A G
INTEREST
REGISTRATION INSTRUCTIONS NO. OFPIECES DENOM. AMOUNT
SERIAL NOS.(LEAVE BLANK) FOR FRB USE ONLY
NAME(S) 32 3,000
34 10,000
38
—
100,000
ID OR S.S. NO. 42 1,000,000
ADDRESS99 TOTAL
CITY STATE ZIPTR.
NAME(S) 32 5,000
34 10,000
38 100,000
ID OR S.S. NO.42 1,000,000
ADDRESS99 TOTAL
CITY STATE ZIPTR.
NAME(S)32 5,000
34 10,000
38 100,000
ID OR S.S. NO. 42 1,000,000
ADDRESS 99 TOTAL
CITY STATE ZIPTR.
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s u b s c r i p t i o n t o b e p
r o c e s s e d a n d t h e s e c u r i t i e s t o b e
i s s u e d . I f r e g i s t e r e d s e c u r i t i e s
u b m i s s i o n o f s o c i a l s e c u r i t y n u m b e r s ; t h e n u m b e r s a
n d o t h e r i n f o r m a t i o n a r e u s e d
c o m p l e t e d u n l e s s a l l r e q u i r e d d a t a i s f u r n i s h e d .
Form NA
IMPORTANT — Closing time for receipt of this tender is 1:30 p.m., Thursday, June 21, 1979
TENDER FOR TREASURY NOTES OF SERIES E-1983
Dated July 2,1979 Due June 30,198
FEDERAL RESERVE BANK OF NEW YORK. Dated atFiscal Agent of the United States.
New York. N.Y. 10045
The undersigned hereby offers to purchase the above-described securities in the amount indicated below, aagrees to make payment therefor at your Bank on or before the issue date at the price awarded on this tend
COMPETITIVE TENDER Do not fil l in both Competitive and Noncompetitive tenders on one form
NONCOMPETITIVE TENDER
$ ........................................................ (maturity value)or any lesser amount that may be awarded.
Yield:........(Yield must be expressed with not more than two
decimal places, for example. 7.11)
Subject to allotment, please issue, deliver, and accept payment for the securities as indicated below anon the reverse side (if registered securities are desired, please also complete schedule on reverse side):
$ ........................................................(maturity valu(Not to exceed $1.000.000for one bidder through all sources)
at the average price of accepted competitive bid
Pieces Denomination Maturity value
$ 1,000
5,000
□ Deliver over the counter to theundersigned (1)
□ Ship to the undersigned (2)Q Hold in safekeeping (for member
bank only) in — □ Investment Account (4)□ G l A t (5)
Payment will be made as follows:By charge to our reserve account (Bv cash or check in immediately available funds (F)By surrender of maturing securitieBy charge to my correspondentban k
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SCHEDULE FOR ISSUE OF REGISTERED TREASURY SECURITIES SUBSCRIPTION N
S U B S C R I B E R ’S N A M E ___________________________________________________________________________
A D D R E S S _______________________________________________________________________________________________
C I T Y ________________________________________________________S T A T E __________________________ Z IP
S I G N A T U R E __________________________________________________________________________
D E L I V E R Y I N S TR U C T I O N S
DELIVE R OVER THE COUNTER
s h i p TO SUBSCRIBER
OTHE R INSTRUCTIONS:
P A Y M E N T I N S T R U C TI O N S
BY CHARGE TO OUR
RESERVE ACCOUNT
BY CASH OR CHEC K IN
IMMEDIATELY AVAILABLE FUNDS
BY SURRENDER OF
MATURING SECURITIES
BY CHARGE TO MY
CORRESPONDENT BANK
F O R F R B U S E
TRANS. ACCOUNTI
I S SU E A G E N T 1 2
R E G I S T R A T I O N i n s t r u c t i o n s
NO. OFPIECES DENOM. A MO UN T
SERIAL NOS.
(LEAVE BLANK) F O R F R B U S E O N L Y
N A M E (S ) 30 1 ,000
32 5 ,000
34 10,000
38 100,000
ID O R S . S . N O .42 1 ,000 ,000
A D D R E S S99 T O T A L
C I T Y S T A T E ZI PTR. CASE NO.
NAM E(S ) 30 1,000
.
32 5 ,000
34 10,000
38 100,000
ID O R S . S . N O .42 1 ,000 ,000
A D D R ESS99 T O T A L
C IT Y S T A T E Z IPTR. CASE NO.
N AMEtS ) 30 1,000
32 5 ,000
34 10,000
38 100,000
ID O R S . S . N O . 42 1 ,000 ,000
A D D RES S99 T O T A L
C IT Y S T A T E Z IPTR. CASE NO.
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