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F E D E R A L R E S E R V E B ANK
OF N E W YORK

Fiscal Agent of the United States
Circular No. 8007
December 8, 197b

Results of Treasury’s 132-Day Bill Auction
To All Incorporated Banks ami Trust Companies, and Others
Concerned, in the Second Federal Reserve District:

The following auction results were announced yesterday by the Treasury Department:
Tenders for $2,000 million of 132-day Treasury bills to be issued on December 10, 1976,
and to m ature April 21, 1977, were opened at the Federal Reserve Banks and Treasury today.




The d t i s are a f l o s
eal
s olw:
Range of Accepted Competitive Bids
D is c o u n t
R a te

R a te

98.379
98.360
98.369

High ..................................................... .
Low ..................................................... .
Average .............................................. .

In v e s tm e n t

P r ic e

4.421%
4.473%
4.448%

4.56%
4.61%
4.58%

1

' Equivalent coupon-issue yield.
Tenders at the low price were allotted 35 percent.

Total Tenders Received and Accepted
F .R . D is tr ic t (a n d U .S . T r e a s u r y )

Boston ............................................
New Y ork........................................
Philadelphia....................................
C leveland........................................
Richmond ......................................
A tla n ta .............................................
C h ic a g o ...........................................
St. Louis..........................................
M inneapolis....................................
Kansas C ity....................................
D allas...............................................
San F ra n c isc o ................................

A c c e p te d

R e c e iv e d

$

8,900,000
3,594,115,000
50,385,000
125,670,000
16,010,000
2,100,000
387,385,000
31,375,000
7,350,000
22,985,000
15,680,000
432,685,000

$

8,900,000
1,546,365,000
50,385,000
75,670,000
6,010,000
2,100,000
120,635,000
15,375,000
7,350,000
19,985,000
10,680,000
136,885,000

U.S. Treasury ................................

40,(XX)

40,000

T o ta l........................................

$4,694,680,000

$2,000,380,000

'Includes S27.675.000 noncompetitive tenders.

PAULA. VOLCKER,
P resid en t.

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