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FE D E R A L R ESER VE B AN K O F N E W YORK Fiscal Agent of the United States r C i r c u la r N o . 85171 L F e b r u a r y 9, 1979 J Results of Bidding for 91-Day and 182-Day Treasury Bills (T o Be Issued February 8, 1979) 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 r u s t C o m p a n ie s , a n d O t h e r s C o n c e r n e d , in th e S e c o n d F e d e r a l R e s e r v e D i s t r i c t : The results of bidding for the offering of 91-day and 182-day Treasury bills to be issued February 8, 1979, have been released by the Treasury Department. These results are shown below: Range of Accepted Competitive Bids 182 -Day Treasury Bills Maturing August 9 , 1979 9 1 -Day Treasury Bills Maturing May io, 1979 H igh ............................................ Low .............................................. Average ...................................... P rice D is c o u n t R a te In v estm en t R a te 1 P rice D is c o u n t R a te In v estm en t R a te 1 97.687 97.677 97.678 9.150% 9.190% 9.186% 9.50% 9.54% 9.53% 95.304 95.291 95.295 9.289% 9.315% 9.307% 9.88% 9.91% 9.90% 1 Equivalent coupon-issue yield. (53 percent of the amount of 91-day bills bid for at the low price was accepted.) (87 percent o f the amount of 182-day bills bid for at the low price was accepted.) Total Tenders Received and Accepted 9 1 -Day Treasury Bills Maturing May 10 , 1979 F . R . D i s t r i c t ( a n d U .S . T r e a s u r y ) Boston ........................................ New Y ork .................................. Philadelphia ............................... Cleveland .................................... R ich m on d .................................... Atlanta ........................................ Chicago ...................................... St. Louis .................................... Minneapolis ............................... Kansas C it y ............................... Dallas .......................................... San Francisco ........................... 150,825,000 5,291,795,000 20,145,000 29,415,000 51,015,000 33,505,000 339,595,000 39,955,000 18,225,000 20,195,000 13,175,000 217,320,000 U.S. Treasury ........................... 14,880,000 T otals ............................... $6,240,045,000 R e c e iv e d A cc ep ted R e c e iv e d $ 182 -Day Treasury Bills Maturing August 9 , 1979 $ 120,825,000 2,368,395,000 17,530,000 24,415,000 21,015,000 31,100,000 118,260,000 16,680,000 6,225,000 18,490,000 12,175,000 37,235,000 14,880,000 $2,807,225,000a $ A cc ep ted 36,830,000 5,362,695,000 10,110,000 104,430,000 25,055,000 82,940,000 214,400,000 32,300,000 15,960,000 22,010,000 10,315,000 265,035,000 $ 21,830,000 2,719,695,000 9,530,000 71,530,000 15,055,000 27,390,000 18,385,000 12,300,000 7,960,000 21,985,000 10,315,000 50,035,000 14,050,000 14,050,000 $6,196,130,000 $3,000,060,000b a Includes $372,345,000 noncompetitive tenders from the public, b Includes $241,815,000 noncompetitive tenders from the public. Paul A. V olcker, President.
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