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FED ER A L R ESER VE BANK O F N EW YORK Fiscal A gent o f the United States [ Circular No. 8522*1 February 21, 1979 J Results of Bidding for 91-Day and 182-Day Treasury Bills (To Be Issued February 15, 1979) To 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 15, 1979, have been released by the Treasury Department. These results are shown below: Range of Accepted Competitive Bids 9 1 -D a y T rea su ry B ills M a tu rin g M a y 1 7 , 1979 High ...................... L °w ....................... Average ................... 182 -D a y T re a su r y B ills M a tu rin g A u g u s t 16 , 19 79 P rice D is c o u n t R a te In v e stm en t R a te 1 P rice Discount Rate Investment Rate 1 97.669 97.654 97.660 9.222% 9.281% 9.257% 9.57% 9.64% 9.61% 95.283 95.275 95.277 9.330% 9.346% 9.342% 9.93% 9.95% 9.94% 1 Equivalent coupon-issue yield. (81 percent of the amount of 91-day bills bid for at the low price was accepted.) (18 percent of the amount of 182-day bills bid for at the low price was accepted.) Total Tenders Received and Accepted 9 1 -D a y T rea su ry B ills M a tu rin g M a y 1 7 , 1979 P .R . D i s t r i c t (a n d U .S . T r e a s u r y ) Boston ........ R eceiv ed A ccep ted San Francisco ............ $ 29,810,000 4,191,220,000 19,090,000 60,210,000 18,325,000 24,580,000 186,110,000 45,630,000 14,575,000 31,345,000 9,350,000 245,660,000 $ 29,810,000 2,271,970,000 19,090,000 57,360,000 17,135,000 24,580,000 85,760,000 32,060,000 14,575,000 31,345,000 9,350,000 195,660,000 U.S. T reasu ry ............ 12,335,000 12,335,000 .............. $4,888,240,000 New York .......... Philadelphia ....... Cleveland ........................... Richmond.................................... Atlanta .................. Chicago ................. St. Louis ................ Minneapolis .............. Kansas City .............. Dallas ................... T o t a l s 182 -D a y T rea su ry B ills M a tu rin g A u g u s t 16 , 1979 $2,801,030,000 a R eceiv ed $ Accepted 35,245,000 5,566,735,000 12,480,000 87,060,000 10,715,000 16,260,000 466,400,000 55,375,000 13,790,000 24,065,000 5,505,000 366,845,000 $ 15,245,000 2,380,895,000 12,480,000 12,060,000 9,715,000 15,460,000 220,900,000 32,375,000 1,790,000 16,930,000 5,505,000 166,845,000 11,940,000 11,940,000 $6,672,415,000 $2,902,140,000b a Includes $373,675,000 noncompetitive tenders from the public. b Includes $177,830,000 noncompetitive tenders from the public. P a u l A . VOLCKER, President.
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