FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Circular No. 8645 September 28, 1979 TREASURY ANNOUNCES FINANCING SCHEDULE To A ll Banking Institutions, and Others Concerned, in the Second Federal Reserve District: As a result of final action by the Congress on legislation to raise and extend the temporary debt ceiling, the Department of the Treasury has announced the following schedule of offerings: -$5,900 million of weekly Treasury bills ($2,900 million of 13-week bills to mature January 3, 1980, and $3,000 million of 26-week b ills to mature April 3, 1980) to be auctioned at 1:30 p.m., EDST, Monday, October 1. This represents a rescheduling of the auction of these bills originally scheduled for Friday, September 28. The other terms and conditions remain unchanged. -$3,250 million of 2-year notes maturing September 30, 1981 , to be auctioned at 1:30 p.m., EDST, Wednesday, October 3 and issued Tuesday, October 9, 1979* This represents the rescheduling of the previously announced 2-year notes which were to have been auctioned Tuesday, September 25- The Federal Reserve will exchange $1+00 million of its holdings of maturing securities for short- term Treasury b ills . These Treasury b ills w ill then be exchanged by the Federal Reserve for new 2-year notes to be issued by the Treasury on October 9* -$2,500 million of U-year notes maturing September 30, 1983, to be auctioned at 1:30 p.m., EDST, Thursday, October b and issued Wednesday, October 10,1979* This represents the rescheduling of the previously announced U-year notes which were to have been auctioned Wednesday, September 26. The Federal Reserve w ill exchange $268 million of its holdings of maturing securities for short- term Treasury b ills. These Treasury b ills w ill then be exchanged by the Federal Reserve for new U-year notes to be issued by the Treasury on October 10. -$5,900 million of weekly Treasury bills ($2,900 million of 13-week bills to mature January 10, 1980, and $3,000 million of 26-week bills to mature April 10, 1980) to be auctioned at 1:30 p.m., EDST, Friday, October 5 and issued Thursday, October 11, 1979* -$1,500 million of 15-year 1-month Treasury bonds maturing November 15, 199*+, to be auctioned at 1:30 p.m., EDST, Tuesday, October 9 and issued Tuesday, October 16, 1979* (Over) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
nycirc_1979_08645.pdf
Dec 07, 2015
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
FEDERAL RESERVE BANK OF NEW YORK
Fiscal Agent of the United States
C ir c u la r N o . 8 6 4 5 S e p te m b e r 2 8 , 1 9 7 9
TREASURY ANNOUNCES FINANCING SCHEDULE
T o A l l B a n k in g In s t i tu t io n s , and O th ers C on ce rn ed , in the S e co n d F e d e ra l R e s e r v e D is t r ic t :
As a r e s u l t o f f i n a l a c t i o n by t h e C o n g r e s s on l e g i s l a t i o n t o r a i s e and e x t e n d t h e te m p o r a r y d e b t c e i l i n g , t h e D ep a r tm e n t o f t h e T r e a s u r y h a s a n n o u n ced t h e f o l l o w i n g s c h e d u l e o f o f f e r i n g s :
-$5 ,900 m il l io n o f weekly Treasury b i l l s ($2,900 m il l io n o f 13-week b i l l s to mature January 3, 1980, and $3,000 m il l io n o f 26-week b i l l s to mature April 3 , 1980) to be auctioned at 1:30 p .m ., EDST, Monday, October 1.This represents a rescheduling o f the auction o f these b i l l s o r ig in a l ly scheduled for Friday, September 28. The other terms and conditions remain unchanged.
-$3 ,250 m il l io n o f 2-year notes maturing September 30, 1 9 8 1 , to be auctioned at 1:30 p .m ., EDST, Wednesday, October 3 and issued Tuesday, October 9, 1979* This represents the rescheduling o f the prev iously announced 2-year notes which were to have been auctioned Tuesday, September 25- The Federal Reserve w i l l exchange $1+00 m il l io n o f i t s holdings o f maturing s e c u r i t ie s for shortterm Treasury b i l l s . These Treasury b i l l s w i l l then be exchanged by theFederal Reserve for new 2-year notes to be issued by the Treasury on October 9*
-$2,500 m il l io n o f U-year notes maturing September 30, 1983, to be auctioned at 1:30 p .m ., EDST, Thursday, October b and issued Wednesday, October 10,1979* This represents the rescheduling o f the previously announced U-year notes which were to have been auctioned Wednesday, September 26. The Federal Reserve w i l l exchange $268 m il l io n o f i t s holdings o f maturing s e c u r i t ie s for shortterm Treasury b i l l s . These Treasury b i l l s w i l l then be exchanged by theFederal Reserve for new U-year notes to be issued by the Treasury on October 10.
-$5 ,900 m il l io n o f weekly Treasury b i l l s ($2,900 m il l io n o f 13-week b i l l s to mature January 10, 1980, and $3,000 m il l io n o f 26-week b i l l s to mature April 10, 1980) to be auctioned at 1:30 p .m ., EDST, Friday, October 5 and issued Thursday, October 11, 1979*
-$1 ,500 m il l io n of 15-year 1-month Treasury bonds maturing November 15, 199*+, to be auctioned at 1:30 p .m ., EDST, Tuesday, October 9 and issu ed Tuesday, October 16, 1979*
(Over)
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Forms f o r s u b m i t t i n g t e n d e r s f o r t h e n o t e s h a v e b e e n m a i le d t o y o u . S e p a r a t e n o t i c e s and form s r e g a r d i n g t h e o f f e r i n g o f b i l l s t o be a u c t i o n e d O c to b e r 5 and t h e o f f e r i n g o f b on d s t o be a u c t i o n e d O c to b e r 9 w i l l be m a i l e d t o you s h o r t l y .
A r e c o r d e d m e s sa g e ( a t t h e Head O f f i c e - T e l . No. 2 1 2 - 7 9 1 - 5 8 2 3 ; a t t h e B u f f a l o B ran ch - T e l . No. 7 1 6 - 8 4 9 - 5 0 4 6 ) p r o v i d e s i n f o r m a t i o n a b o u t t h e T r e a s u r y ' s o f f e r i n g s . A d d i t i o n a l i n q u i r i e s r e g a r d in g t h e o f f e r i n g s and t h e r e v i s e d f i n a n c i n g s c h e d u l e may be made by c a l l i n g , a t t h e Head O f f i c e , T e l . No. 2 1 2 - 7 9 1 - 6 6 1 9 , o r , a t t h e B u f f a l o B ra n ch , T e l . No. 7 1 6 - 8 4 9 - 5 0 1 6 .
T homas M. T im l e n .First Vice President.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Forms f o r s u b m i t t i n g t e n d e r s f o r t h e n o t e s h a v e b e e n m a i le d t o y o u . S e p a r a t e n o t i c e s and form s r e g a r d i n g t h e o f f e r i n g o f b i l l s t o be a u c t i o n e d O c to b e r 5 and t h e o f f e r i n g o f b on d s t o be a u c t i o n e d O c to b e r 9 w i l l be m a i l e d t o you s h o r t l y .
A r e c o r d e d m e s sa g e ( a t t h e Head O f f i c e - T e l . No. 2 1 2 - 7 9 1 - 5 8 2 3 ; a t t h e B u f f a l o B ran ch - T e l . No. 7 1 6 - 8 4 9 - 5 0 4 6 ) p r o v i d e s in f o r m a t i o n a b o u t t h e T r e a s u r y ' s o f f e r i n g s . A d d i t i o n a l i n q u i r i e s r e g a r d in g t h e o f f e r i n g s and t h e r e v i s e d f i n a n c i n g s c h e d u l e may be made by c a l l i n g , a t t h e Head O f f i c e , T e l . No. 2 1 2 - 7 9 1 - 6 6 1 9 , o r , a t t h e B u f f a l o B ra n ch , T e l . No. 7 1 6 - 8 4 9 - 5 0 1 6 .
T homas M. T im l e n .First Vice President.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Related Documents
