The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
F E D E R A L R E S E R V E B A N K O F N E W Y O R K Fiscal Agent of the United States L J r Circular No. 8 17 3 "I August 31, 1977 Results o f Bidding for 91-Day and 182-Day Treasury Bills (T o Be Issued September 1, 1977) To All 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 September 1, 1977, have been released by the Treasury Department. These results are shown below: Range of Accepted Competitive Bids 182-Day Treasury Bills Maturing March 2,1978 91 -Day Treasury Bills Maturing December 1 , 1977 High .......................................... Low ............................................. Average .................................... Price Discount Rate Investment R a te 1 Price Discount Rate Investment R a te 1 98.599 98.588 98.591 5.542% 5.586% 5.574% 5.70% 5.74% 5.73% 97.049 a 97.040 97.043 5.837% 5.855% 5.849% 6.10% 6.12% 6.11% a Excepting <Dne tender of $530,000. 1 Equivalent coupon-issue yield. (81 percent of the amount of 91-day bills bid for at the low price was accepted.) (2 percent of the amount of 182-day bills bid for at the low price was accepted.) Total Tenders Received and Accepted 182-Day Treasury Bills Maturing March 2,1978 91 -Day Treasury Bills Maturing December 1 , 1977 F.R. District ( and U.S. Treasury) Boston ...................................... New York ............................................ Philadelphia ............................. Cleveland ............................................... Richm ond ............................................... Atlanta .................................................... Chicago .................................................. St. Louis ................................. Minneapolis ......................................... Kansas City ......................................... Dallas ........................................ San Francisco ......................... U .S . Received $ 27,265,000 3,789,990,000 19,905,000 47,820,000 30,365,000 28,955,000 297,960,000 38,125,000 16,090,000 47,495,000 70,910,000 202,245,000 Treasury ......................... 50,000 T otals ...................................... $4,617,175,000 $ 21,315,000 1,846,540,000 19,905,000 27,820,000 28,415,000 28,860,000 95,075,000 23,935,000 12,520,000 42,965,000 70,410,000 82,245,000 50,000 $2,300,055,000b Accepted Received Accepted $ 41,385,000 5,940,160,000 105,870,000 43,805,000 18,530,000 46,235,000 783,650,000 44,995,000 29,580,000 21,520,000 16,440,000 524,905,000 280,000 $7,617,355,000 $ 21,385,000 2,541,160,000 80,870,000 23,805,000 10,530,000 10,235,000 447,905,000 26,015,000 13,580,000 17,470,000 15,440,000 95,505,000 280,000 $3,304,180,000c b Includes $317,645,000 noncompetitive tenders from the public, c Includes $149,615,000 noncompetitive tenders from the public. P a u l A. V o l c k e r , President.
@FedFRASER