Treasury Bulletin September 1999

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Cash Management Bills On April 21, Treasury invited tenders for approximately $8,000 million of 1-day bills to be issued April 22, 1999, and maturing April 23, 1 999. The issue was to raise new cash. Ten- ders were opened April 22. They totaled $35,895 million; $8,020 million Treasury accepted. The high bank discount rate was 4.51 percent.
MAY May Quarterly Financing On May 5, Treasury announced it would auction $15,000 million of 5-year notes of Series F-2004, and $12,000 million of 10-year no
...tes of Series B-2009. This issue was to refund $28,800 million of Treasury securities maturing May 1 5 and to pay down about $1,800 million.
The notes of Series F-2004 were dated May 15,1 999. Trea- sury issued the notes on May 1 7, 1999. They are due May 15, 2004, with interest payable November 15 and May 15 until maturity. Treasury set an interest rate of 5- 1 /4 percent after de- termining which tenders were accepted on a yield auction ba- sis. Accrued interest of $0.28533 per $1,000, covering the period from May 15, 1999, to May 17, 1 999, was payable with each accepted tender.


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