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FEDER AL RESERVE BANK O F NEW YORK Fiscal Agent of the United States r L C i r c u l a r N o . 7 9 4 7 -] S e p te m b e r 1, 1 9 7 6 J Results of Bidding for 91-Day and 182-Day Treasury Bills (To Be Issued September 2, 1976) To A ll Incorporated. Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: A t the tim e of p rin tin g o u r C ircular No. 7946, dated A ugust 30, 1976, announcing an offering of 91-day and 182-day T reasury bills, to be issued Septem ber 9, 1976, the results of bidding for the previous offering of 91-day and 182-day T reasu ry bills, to be issued Septem ber 2, 1976, w ere not available. T he results, now available, are: Range of Accepted Competitive Bids 9 1- D a y T r e a s u r y B ills M a t u r i n g D e c e m b e r 2 , 1976 H igh ................................ .................. Low ................................. .................. A verage ........................ .................. Price Discount Rate Investment Rate 1 98.721 98.710 98.713 5.060% 5.103% 5.091% 5.20% 5.24% 5.23% 18 2 - D a y T r e a s u r y B i l l s M a t u r i n g M a r c h 5 , 1977 Discount Rate Investment Rate 1 5.331% 5.366% 5.351% 5.55% 5.59% 5.58% Price 97.305 97.287 97.295 1Equivalent coupon issue yield. (74 percent of the am ount of 91-day bills bid for at the low price was accepted.) (39 percent of the am ount of 182-day bills bid for at the low price was accepted.) T o ta l T e n d e rs R eceived an d A ccepted (B y Fedei ral R eserve D istrict) 91 - D a y T r e a s u r y B i l l s M a t u r i n g D e c e m b e r 2 , 1976 D is tr ic t B o s to n ................................... ...... New Y ork ................. ........ ..... Philadelphia .................. Cleveland ..................... Richm ond ............ A tlanta ................. Chicago ............ St. L ouis ........ M inneapolis ......... K ansas Citv ............. D allas ......... San Francisco ............... T otal .................................. R e c e iv e d $ 38,600.000 3,270,695,000 21.380,000 26,120,000 A c c e p te d $ 22,600,000 2,022,140,000 21,380,000 31,765,000 26,955,000 26,120,000 140,545,000 30,455,000 23,740,000 37,280,000 26,860,000 90,400,000 $4,147,720,000 182 - D a y $2,500,240,000:‘ 'T r e a s u r y B ills M a tu r in g M a r c h R e c e iv e d $ 47.780,000 4,134,260,000 J, 1977 A c c e p te d $ 27,780,000 2,919,860,000 6,900.000 6,900,000 233,720,000 35,235,000 52,620,000 10,735,000 13,135,000 13,135,000 391,470,000 27,135,000 17,570,000 693,570,000 42,135,000 32,570,000 22,725,000 19,725,000 22 , 110.000 18.110,000 231,490,000 96,490,000 $5,515,630,000 $3,601,530,000»> ‘ Includes $370,315,000 noncompetitive tenders from the public. b Includes $160,150,000 noncompetitive tenders from the public. Paul A. V o lcker, P r e sid e n t.
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