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F E D E R A L R E S E R V E BA N K O F NEW YORK Fiscal Agent of the United States r Circular No. 8 1 3 8 L June 29, 1977 Results of Bidding for 91-Day and 182-Day Treasury Bills (To Be Issued June 30, 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 June 30, 1977, have been released by the Treasury Department. These results are shown below: Range of Accepted Competitive Bids 91 -Day Treasury Bills Maturing September 29, 1977 High ............................ ................. Low ............................. ................. Average ...................... ................. 182-Day Treasury Bills Maturing December 29, 1977 Price Discount Rate Investment Rate 1 Price Discount Rate Investment Rate 1 98.749 98.742 98.745 4.949% 4.977% 4.965% 5.08% 5.11% 5.10% 97.395 97.381 97.385 5.153% 5.180% 5.173% 5.36% 5.39% 5.39% 1 Equivalent coupon-issue yield. (84 percent of the amount of 91-day bills bid for at the low price was accepted.) (31 percent of.the amount of 182-day bills bid for at the low price was accepted.) Total Tenders Received and Accepted 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. Treasury ......................... T otals ............................................. $ 91 -Day Treasury Bills Maturing September 29, 1977 182-Day Treasury Bills Maturing December 29, 1977 Received Received 23,635,000 3,495,060,000 16,755,000 25,455,000 26,605,000 39,325,000 276,685,000 52,925,000 11,465,000 30,985,000 20,875,000 171,375,000 Accepted $ 15,315,000 1,779,835,000 16,755,000 25,455,000 23,365,000 36,975,000 70,975,000 37,085,000 11,465,000 27,520,000 20,875,000 35,495,000 $ Accepted 33,095,000 5,372,090,000 35,180,000 30,275,000 27,455,000 98,120,000 354,145,000 33,945,000 27,240,000 25,445,000 6,435,000 303,445,000 $ 11,645,000 2.884,955,000 5,180,000 10,275,000 14,385,000 54,515,000 65,005,000 14,945,000 12,240,000 15,275,000 6,435,000 105,495,000 10,000 20,000 20,000 10,000 $4,191,165,000 $2,101,135,000* $6,346,880,000 $3,200,360,000b a Includes $301,895,000 noncompetitive tenders from the public, b Includes $132,470,000 noncompetitive tenders from the public. P a u l A . V olcker, President.
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