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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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  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