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FE D E R A L RESER VE BANK O F NEW YORK Fiscal Agent of the United States fcircular No. 8512 |_February 5, 1979 Results of Treasury’ s 364-Day Bill Auction T o A l l I n c o r p o r a t e d B a n k s a n d T rust C o m p a n ie s , a n d O th ers C o n c e r n e d , in th e S e c o n d F ed e ra l R e s e r v e D is tr ic t: The following auction results were announced by the Treasury Department: Tenders for $3,251 million o f 52-week Treasury bills to be dated February 6, 1979, and to mature February 5, 1980, were accepted at the Federal Reserve Banks and Treasury today [January 31]. The details are as follows: Range of Accepted Competitive Bids H i g h .................................. ................. L o w .................................... ................. A verage.............................. ................. D is c o u n t I n v e stm en t P r ic e R a te R a te1 90.595 90.515 90.548 9.302% 9.381% 9.348% 10.15% 10.25% 10. 21 % 1Equivalent coupon-issue yield. Tenders at the low price were allotted 86 percent. Total Tenders Received and Accepted F .R . D istrict (a n d U .S. T rea su ry) B oston................................................... N e w Y o r k ............................................. Philadelphia......................................... C lev ela n d ............................................. R ich m on d............................................. A tla n ta ................................................. C h icago................................................. St. L o u i s ............................................... M in n eap olis........................................ KansasCity........................................... D a lla s ................................................... San F ran cisco...................................... U.S. Treasury...................................... T o t a l.................................... R eceiv ed $ A ccep ted 39,160,000 3,992,520,000 7,925,000 12,975,000 29,760,000 20,525,000 259,085,000 33,440,000 37,445,000 22,485,000 5,915,000 231,605,000 7,665,000 $ 23,460,000 2,691,880,000 7,925,000 9,835,000 29,760,000 20,525,000 204,585,000 19,440,000 37,445,000 22,485,000 5,915,000 170,205,000 7,665,000 $4,700,505,000 $3,251,125,000 The $3,251 million o f accepted tenders includes $157 million o f noncompetitive tenders from the public and $959 million o f tenders from Federal Reserve Banks for themselves and as agents o f foreign and inter national monetary authorities accepted at the average price. An additional $285 million o f the bills will be issued to Federal Reserve Banks as agents o f foreign and international monetary authorities for new cash. PAU L A . VOLCKER, President.
@FedFRASER