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FEDERAL RESERVE BANK OF NEW YORK
Fiscal Agent of the United States
r Circular No 8 4 3 1 1
L October S, 1978 J
Results of Bidding for 91-Day and 182-Day Treasury Bills
(To Be Issued October 5, 1978)
77? /M Iwcor^oraf^d jBan&j and Rra^f Cowt/wMP.y, aM
tf
)n fA^ Rccawd Rc&raf R^J^rz^ Dfjfricf.'
The results of bidding for the offering of 91-day and 182-day Treasury bills to be issued
October 5, 1978, have been released by the Treasury Department. These results are shown below:
R a n g e o f A c c e p t e d C o m p e t it iv e B id s
z&?-Day TrM^Mry FfJJj
Afafar/np
y, z p /p
p z-D ay Tr^a^nry F;7Ay
AfafMriwp January
zpyp
DtyCOM
;:f
Fat?
R aff *
97.942 a
8 .142%
8 .43 %
Low .........................................................
97.935
8.16 9 %
8.46 %
Average
97.937
8.16 1 %
8.45 %
Eric?
H igh
.......................................................
...............................................
PWcf
95.775b
95.763
95.765
Df^coMwf
R a ff
R aff i
8.35 7 %
8 .85 %
8.38 1 %
8.87%
8.37 7 %
8.87 %
i Equivalent coupon-issue yield.
a Excepting one tender of $10,000.
b Excepting two tenders totaling $515,000.
(44 percent of the amount of 91-day bills
(76 percent of the amount of 182-day bills
bid for at the low price was accepted.)
bid.for at the low price was accepted.)
T o tal Tenders Received and A ccepted
z&?-Day Drcajary FtJAy
Afatarinp rf^rf/ 3 , zp7 p
pz-Day Areajury FzJD
AfafaWnp January
zp/p
rlcff/'hrd
E.R. DfjfWrf ("and 17.^. Tr^a-niry)
Boston
..............................................
$
26,540,000
$
25,165,000
$
16,075,000
4,783,175,000
$
16,075,000
2,954,455,000
N ew Y o rk ......................................
3,928,820,000
1,888,250,000
Philadelphia ....................................
40,245,000
23,235,000
52,055,000
30,735,000
58,890,000
Cleveland .........................................
39,160,000
32,445,000
100,490,000
R ich m o n d .........................................
126,370,000
112,885,000
33,795,000
26,790,000
38,895,000
34,320,000
50,320,000
23,260,000
181,395,000
47,740,000
411,940,000
111,440,000
St. Louis .........................................
30,140,000
15,040,000
26,295,000
12,295,000
Minneapolis ....................................
69,935,000
26,070,000
23,110,000
Kansas City ....................................
29,610,000
5,935,000
29,070,000
23,960,000
22,460,000
Dallas .................................................
16,595,000
16,595,000
10,250,000
10,130,000
San Francisco ...............................
189,125,000
60,525,000
215,600,000
100,700,000
U .S . Treasury ...............................
9,030,000
9,030,000
11,410,000
11,410,000
TOTALS ..................................
$4,725,860,000
Atlanta ..............................................
Chicago
............................................
$2,300,235,000'
$5,761,435,000
$3,401,750,000 <
i
c Includes $405,765,000 noncompetitive tenders from the public,
d Includes $238,805,000 noncompetitive tenders from the public.
PAUL A . VOLCKER,
@FedFRASER