Full text of Federal Reserve Bank of New York Circulars : 8030. Results of Treasury's 364-Day Bill Auction

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FED ER AL RESERVE BANK
O F NEW YORK
Fiscal Agent of the United States
Circular No 8030
January 6, 1977

Results of Treasury’s 364-Day Bill Auction
To All Incorporated Banks and Trust Companies, and Others
Concerned, in the Second Federal Reserve District:

The following auction results were announced by the Treasury Department yesterday:
Tenders for $3,071 million of 52-week Treasury bills to be dated January 11, 1977, and to
mature January 10, 1978, were accepted at the Federal Reserve Banks and Treasury today.
The details are as follows:
Range of Accepted Competitive Bids

Price

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

95.231a
95.210
95.219

Discount
Rate

Investment
Rate .1

4.717%
4.737%
4.728%

4.%%
4.98%
4.97%

*Equivalent coupon-issue yield.
aExcepting two tenders totaling $12,740,000.

Tenders at the low price were allotted 30 percent.
Total Tenders Received and Accepted
Received

Boston ........................................
New York.....................................
Philadelphia.................................
Cleveland.....................................
Richmond ...................................
A tlanta.........................................
C hicago.......................................
St. Louis.......................................
Minneapolis.................................
Kansas City.................................
Dallas...........................................
San Francisco.............................
U.S. Treasury .............................
T otal.....................................

$ 61,855,000
5,876,750,000
16,055,000
182,045,000
22,495,000
12,340,000
222,615,000
54,320,000
68,535,000
39,445,000
30,130,000
466,600,000
—
$7,053,185,000

Accepted

$ 17,855,000
2,627,250,000
1,055,000
57,045,000
3,995,000
6,340,000
87,515,000
18,320,000
19,935,000
14,945,000
11,630,000
204,800,000
—
$3,070,685,000

The $3,071 million of accepted tenders includes $74 million of noncompetitive tenders
from the public and $1,204 million of tenders from Federal Reserve Banks for themselves and
as agents of foreign and international monetary authorities accepted at the average price.




PAUL A. VOLCKER,

President.