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7/17/2019 nycirc_1979_08638.pdf http://slidepdf.com/reader/full/nycirc197908638pdf 1/6 PCircular No. 8638 ^September 19, 1979 TREASURY TO AUCTION 2-YEAR AND 4-YEAR NOTES TOTALING $5,750 MILLION FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States To All 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 $3,250 million of 2-year notes and $2,500 million of 4-y notes to refund $5,274 million of notes maturing September 30, 1979, and to raise $476 million new cash. T $5,274 million of maturing notes are those held by the public, including $1,169 million currently held by Fede Reserve Banks as agents for foreign and international monetary authorities. The Treasury will postpone one or both of these auctions unless it has assurance of Congressional action legislation to raise the temporary debt ceiling before the scheduled auction dates of September 25 and 26. In addition to the public holdings, Government accounts and Federal Reserve Banks, for their ow accounts, hold $668 million of the maturing securities that may be refunded by issuing additional amounts of new notes at the average prices of accepted competitive tenders. Additional amounts of the new securities m also be issued at the average prices to Federal Reserve Banks, as agents for foreign and international moneta authorities, to the extent that the aggregate amount of tenders for such accounts exceeds the aggregate amou of maturing securities held by them.
Transcript of nycirc_1979_08638.pdf
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PCircular No. 8638^September 19, 1979
TREASURY TO AUCTION 2-YEAR AND 4-YEAR NOTES
TOTALING $5,750 MILLION
F E D E R A L R E S ER V E B A N K
O F N E W Y O RK
Fiscal Agent of the United States
To All Banking Institutions, a nd Others Concerned,
in the Second Federal Reserve District:
The fol lowing statement was issued yesterday by the Treasury Department:The Department of the Treasury will auction $3,250 million of 2-year notes and $2,500 million of 4-y
notes to refund $5,274 million of notes maturing September 30, 1979, and to raise $476 million new cash. T$5,274 million of maturing notes are those held by the public, including $1,169 million currently held by FedeReserve Banks as agents for foreign and international monetary authorities.
The Treasury will postpone one or both of these auctions unless it has assurance of Congressional action legislation to raise the temporary debt ceiling before the scheduled auction dates of September 25 and 26.
In addition to the public holdings, Government accounts and Federal Reserve Banks, for their ow
accounts, hold $668 million of the maturing securities that may be refunded by issuing additional amounts of new notes at the average prices of accepted competitive tenders. Additional amounts of the new securities m
also be issued at the average prices to Federal Reserve Banks, as agents for foreign and international monetaauthorities, to the extent that the aggregate amount of tenders for such accounts exceeds the aggregate amou
of maturing securities held by them.
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HIGHLIGHTS OF TREASURY
OFFERINGS TO THE PUBLIC OF 2-YEAR AND 4-YEAR NOTES TO BE ISSUED OCTOBER 1, 1979
(Delivery date fo r coupon securities is October 12, 1979)
A m o u n t O f f e re d :
To the public....................................
2 - Y e a r N o t e s 4 - Y e a r N o t e s
.. $3,250 million $2,500 million
D es cr ip t ion o f S ecu r i ty :
Term and type of security................... .. 2-year notes 4-year notes
Series and CUSIP designation............ .. Series X-1981 Series F-1983(CUSIP No. 912827 JY9) (CUSIP No. 912827 JZ6)
Maturity date.................................... .. September 30, 1981 September 30, 1983
Call date........................................... .. No provision No provision
Interest coupon rate.......................... .. To be determined, based on the To be determined, based on theaverage of accepted bids average of accepted bids
Investment yield ............................... .. To be determined at auction To be determined at auction
i di T b d i d f i T b d i d f i
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IMPORTANT—This is a standard form. Its terms are subject to change at any time by the TreasuryThis tender will be construed as a bid to purchase the 2-year notes for which the Treasury has oustanding an invitation for tenders on the date received by the Federal Reserve Bank of New Yoror its Buffalo Branch.
TENDER FOR 2-YEAR TREASURY NOTES
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 fthe current offering of 2-year Treasury notes, the undersigned hereby offers to purchase such currently offereTreasury notes in the amount indicated below, and agrees to make payment therefor at your Bank on 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)o r a n y l e s s e r a m o u n t th a t m a y b e a w a r d e d .
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 sourceat the average price of accepted competitive bids.
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):
Pieces Denominations Maturity value
$ 5,000
$ 10,000
$ 100,000
$1000000
□ Deliver over the counter to theundersigned O)
□ Ship to the undersigned (2)□ Hold in safekeeping (for member
bank only) in— □ Investment Account <♦>□ General Account (*)□ Trust Account (*)
□ Hold as collateral for TreasuryTax and Loan Account* (7)
Payment will be made as follows:□ By charge to our reserve account <D□ By cash or check in immediately
available funds (*")□ By surrender of maturing securities <□ By charge to my correspondent
bank _________ ___ __________((Name of bank)
□ Special instructions (3)
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SCHEDULE FOR ISSUE OF REGISTERED 2-YEAR TREASURY NOTESSUBS
SUBSCRIBER'S NAME
ADDRESS
CITY STATE ZIP
DELIVERY INSTRUCTIONS PAYMENT INSTRUCTIONS
□ DELIVER OVER THE COUNTER □ BY CHARGE TO OUR
RESERVE ACCOUNT
□ SHIP TO SUBSCRIBER□ BY CASH OR CHECK
□ OTHER INSTRUCTIONS: 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 OFMATURING SECURITIES
□ BY CHARGE TO MY
----------------------------------------------- CORRESPONDENT BANK
T
I S S U E
SIGNATUREINTERE
REGISTRATION INSTRUCTIONSNO. OF
PIECES DENOM. AMOUNTSERIAL NOS.
(LEAVE BLANK) FOR FRB USE O
NAME(S) a 5,000
34 10,000
38 100,000
ID OR S.S. NO.42 1,000,000
ADDRESS9* TOTAL
CITY STATE ZIP
NAME(S) a 5,000
34 10,000
» 100,000
42 1,000,000ID OR S.S. NO.
ADDRESS99 TOTAL
CITY STATE ZIP
NAME(S)a 5,000
34 10,000
M 100,000
ID OR S.S. NO. a 1,000,000
ADDRESS 99 TOTAL
c i t y STATE ZIP
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FORM NY-1
IMPORTANT— Closing time for receipt of this tender is 1 :30 p.m., Wednesday, September 26,
J5.
TENDER FOR 4-YEAR TREASURY NOTES OF SERIES F-19 83
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
The undersigned hereby offers to purchase the above-described securities in the amount indicated beand agrees to make payment therefor at your Bank on or before the issue date at the price awarded on this ten
COMPETITIVE TENDER Do not fill in both Competitive and Noncompetitive tenders on one form NONCOMPETITIVE TENDE
$........................................................ (maturity value)
or any lesser amount that may be awarded.
Yield:( Y ie ld , m u s t be expressed wi th no t m ore than two
decimal places, for example, 7.11)
$....................................................... (maturity va(Not to exceed $1,000,000 for one bidder through all sou
at the average price of accepted competitive bids
Subject to allotment, please issue, deliver, and accept payment fQr the securities as indicated belowon the reverse side (if registered securities are desired. Please also complete schedule on reverse side):
Pieces Denominations Maturity value
$ 1,000
$ 5,000
$ 10,000
$ 100,000
$1,000,000
□ 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 (S)□ Trust Account (6)
□ Hold as collateral for TreasuryTax and Loan Account* (7)
Payment will be made as follows:□ By charge to our reserve account□ By cash or check in immediately
available funds ( f )□ By surrender of maturing securit
□ By charge to my correspondent bank............ ............. ...............(Name of bank)
□ Special instructions U)
¥
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¥
SCHEDULE FOR ISSUE OF REGISTERED TREASURY SECURITIES SUBSCRIP
FOR
TRANS
I S S U E A G E N
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 MY
CORRESPONDENT BANK
NAME(S)
ID OR S.S. NO.
ADDRESS
CITY
NAME(S)
ID OR S.S. NO.
ADDRESS
CITY
REGISTRATION INSTRUCTIONS
STATE ZIP
STATE ZIP
NO. OF PIECES DENOM.
1,000
S,000
10,000
100,000
1, 000.000
TOTAL
1,000
5,000
10,000
100,000
1,000,000
TOTAL
AMOUNTSERIAL NOS.
(LEAVE BLANK) FOR FRB USE ONLY
TR. C
TR. C
NAME(S)
ID OR S.S. NO.
ADDRESS
CITY
30
32
34
30
42
*9
5,000
10,000
100,000
STATE ZIP
1,000,000
TOTAL
V
