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7/17/2019 nycirc_1980_08978.pdf
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FEDERAL RESERVE BANK
OF NEW YORK
Fiscal Agent of the United States
Circular No. 8978
December 16, 1980
TREASURY TO AUCTION $2,500 MILLION OF 7-YEAR NOTES
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 $2,500 million of 7-year notes to raise new cash. Addition
amounts of the notes may be issued to Federal Reserve Banks as agents for foreign and international moneta
authorities at the average price of accepted competitive tenders.
The Treasury also indicated that it expects to announce later this month in the normal course the terms o
a January bond issue.
Printed on the reverse side is a table summarizing the highlights of the offering. Copies of the offici
offering circular will be furnished upon request directed to our Government Bond Division (Tel. N
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HIGHL IGHT S OF T REAS URY
OF F ERING T O T HE PUBL IC
OF 7- Y EAR NOT ES
T O BE IS S UED J ANUARY 5, 1981
( D e l i v e r y d a t e f o r c o u p o n s ec u r i t i es is J a n u a r y 21, 1981 )
A m o u n t O f fe r ed :
To the pub lic........................................................................................................... $2,500 million
D e s c r i p t i o n o f S e c u r it y :
Term and type of security...................................................................................... 7-year notes
Series and CUSIP designation............................................................................. Series C-1988
(CUSIP No. 912827 LL4)
Maturity date........................................................................................................... January 15,1988
Call da te .................................................................................................................... No provision
Interest coupon ra te .............................................................................................. To be determined, based on the
average of accepted bids
Investment yield....................................................................................................... To be determined at auction
Premium or discount.............................................................................................. To be determined after auction
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a r y t o p e r m i t t h e 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 .
N o .
3 0 0 ) a n d t h e o f f e r i n g
c i r c u l a r r e q u i r 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
t h e o w n e r s h i p a n d i n t e r e s t r e c o r d s . T h e t r a n s a c t i o n w i l l n o t b e c o m p l e t e d
FORM NY-1
IM PO RT AN T — Closing time for receipt of this tender is 1:30 p .m., Tuesday December 30 , 1980
TENDER FOR 7-YEAR TREASURY NOTES OF SERIES C-1988
To Fe d e r a l R e s e r v e Ba 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 below,
and agrees to make payment therefor at your Bank in accordance with the provisions of the official offering
circular. Do not fill in both Competiti ve and Noncompetitive tenders on one formC O M P E T I T I V E T E N D E R N O N C O M P E T I T I V E T E N D E R
$ (maturity value) $• (maturity value)
or anv lesser amount that may be awarded.
Yield;(Yield, must be expressed with not more than two
decimal places, for example, 10.06)
(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 and
on the reverse side ( i f r e g i s t e r e d se c u r i t i e s a r e d e s i r e d , p l e a s e a l s o c om p l e t e s c h ed u l e o n r e v e r s e si d e ) :
Pieces Denominations Maturity value Deliver over the counter to the
undersigned CD Ship to the undersigned (2)
Ho ld in safekeeping (for member
bank only) in—
Investment Account (4)
General Acco unt (5)
Trust Account (fi)
Ho ld as collateral for Treasury
T ax and Loan Account* (?)
Payment will be made as follow s:
By charge to our reserve account (D)
By cash or check in immediately available fund s ( f )
By surrender of maturing securities <E)
By charge to my correspondent
bank ................. ...............................................CD)
(Name of bank)
$ 1,000
$ 5,000
$ 10,000
$ 100,000 Special instructions <3)
$1,000,000
W if e t o ..................................................................................................................................
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SCHEDULE FOR ISSUE OF REGISTERED TREASURY SECURITIESSUBSCRIPTI
SUBSCRIBER'S NAME
ADDRESS __________
CITY ______________
SIGNATURE
DELIVERY INSTRUCTIONS
□ DELIVER OVER THE COUNTER
□ SHIP TO SUBSCRIBER
□ OTHER INSTRUCTIONS:
.STATE .ZIP
REGISTRATION INSTRUCTIONS NO. OFPIECES DENOM. AMOUNT
SERIAL NOS.(LEAVE BLANK)
NAME(S) 30 1,000
32 5,000
34 10,000
38 100,000
ID OR S.S. NO.42 1,000,000
ADDRESS 99 TOTAL
CITY STATE ZIP
NAME(S) 30 1,000
32 9,000
34 10,000
38 100,000
ID OR S.S. NO.42 1,000,000
ADDRESS 99 TOTAL
CITY STATE ZIP
NAME(S) 30 1,000
32 5,000
34 10,000
33 100,000
ID Oft S.S. NO.42 1,000,000
ADDRESS99 TOTAL
CITY STATE ZIP
PAYMENT INSTRUCTIONS
□ BY CHARGE TO OUR
RESERVE ACCOUNT
□ BY CASH OR CHECK
IN IMMEDIATELY AVAILABLE FUNDS
□ BY SURRENDER OF
MATURING SECURITIES
□ BY CHARGE TO MY
CORRESPONDENT BANK
FOR FR
TRANS. AC
I S S U E A G E N T 1
FOR FRBUSE ONLY
TR. CASE
TR. CASE
TR. CASE