The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Circular No. 8470 December 11, 1978 RESULTS OF TREASURY'S 364-DAY B!LL AUCTiOM To <4// Incorporated Ban&s and Trast Companies, and Others Concerned, in iAe Second Federa/ Reserve Dis/rir/. The following auction results were announced by the Treasury Department: Tenders for $3,8*i0 million of 52-week Treasury bills to be dated December 12, 1978, and to mature December 11, 1979; vere accepted at the Federal Reserve Banks and Treasury today [Pc.e.anbcA 6]. The details are as follows: Range of Accepted Competitive Hid* Frire High .............. 90.587* Low ............... 90.569 Average ............ 90.576 Drscoani fnves/men/ Ra/c Rate 9.310% 9.327% 9.320% 10.16% 10.18% 10.17% ^Equivalent coupon-issue yield. ^Excepting one tender of $620,000. Tenders at the low price were alloted 71 percent. lo ta ! lenders Received and Accepted / R. Fistr/ct fand f/..?. Treasury* /!<<eptrd Boston.......... New York........ Philadelphia..... Cleveland....... Richmond........ Atlanta......... Chicago......... St. Louis....... Minneapolis...... Kansas City...... Dallas.......... San Francisco.... $ 18,550,000 3,<461 .770.000 3 ,2 6 0 ,0 0 0 *1,785,000 25,990,000 1*1,170,000 197,*170,000 5,625,000 12,125,000 11,080,000 *1,115,000 76,680,000 U.S. Treasurv.... *1,5*10,000 Total Rerr/t'er/ $6,571,910,000 $3,8*10,160,000 (Over) The $3,8^0 million of accepted tenders includes $102 million of noncompetitive tenders from the public and $1,93^ million of tenders from Federal Reserve Banks for themselves and as agents of foreign and international monetary authorities accepted at the average price. An additional $183 million of the bills will be issued to Federal Reserve Banks as agents of foreign and international monetary authori ties for new cash. PAUL A. VOLCKER,
@FedFRASER