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FED ER A L RESERVE BANK O F N EW YORK Fiscal Agent of the United States t Circular No. 8 0 5 3 I February 16, 1977 J Results of Bidding for 91-Day and 182-Day Treasury Bills (To Be Issued February 17, 1977) To A ll Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: The results of bidding for the offering of 91-day and 182-day Treasury bills to be issued Feb ruary 17, 1977, have been released by the Treasury Department. These results are shown below: Range of Accepted Competitive Bids 9 1 -Day Treasury Bills Maturing May 19 , 1977 High ............................................ Low .............................................. Average ...................................... 182 -Day Treasury Bills Maturing August 18,1977 Price Discount Rate Investment Rate 1 Price Discount Rate Investment Rate 1 98.834 98.827 98.829 4.613% 4.640% 4.633% 4.73% 476% 4.75% 97.550 97.538 97.542 4.846% 4.870% 4.862% 5.04% 5.06% 5.05% 1 Equivalent coupon-issue yield. (94 percent of the amount of 91-day bills bid for at the low price was accepted.) (41 percent of the amount of 182-day bills bid for at the low price was accepted.) Total Tenders Received and Accepted 91 -Day Treasury Bills Maturing May 19 , 1977 F.R. District (and U.S. Treasury) Boston ................... New York Philadelphia Cleveland . Richmond Atlanta .. Chicago . St. Louis .... Minneapolis Kansas City Dallas .. San Francisco U.S. Treasury ................ T o t a l s ................. ...... Received Accepted $ 24,895,000 3,796,895,000 20,495,000 36,320,000 32,105,000 30,725,000 283,335,000 42,220,000 39,880,000 82,410,000 35,695,000 195,455,000 $ 16,895,000 2,056,050,000 18,495,000 33,570,000 21,985,000 27,965,000 109,885,000 33,205,000 21,700,000 68,925,000 22,695,000 70,315,000 75,000 75,000 $4,620,505,000 182 -Day Treasury Bills Maturing August 18,1977 $2,501,760,000* $ Received Accepted 23,920,000 5,770,365,000 15,445,000 234,165,000 37,270,000 14,925,000 470,275,000 27,330,000 27,735,000 16,725,000 14,815,000 390,200,000 $ 6,920,000 3,035,675,000 5,445,000 47,365,000 17,320,000 14,925,000 257,375,000 16,330,000 12,735,000 16,725,000 9,815,000 161,550,000 50,000 50,000 $7,043,220,000 $3,602,230,000b a Includes $366,840,000 noncompetitive tenders from the public. b Includes $137,080,000 noncompetitive tenders from the public. P aul A. V olcker, President.
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