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FEDERAL RESERVE BANK OF N E W YORK Fiscal Agent of the United States Circular No. 8530 March 2, 1979 Results of Treasury’s 364-Day Bill Auction To All Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: The following auction results were announced by the Treasury Department: Tenders for $3,320 million o f 52-week Treasury bills to be dated March 6, 1979, and to mature March 4, 1980, were accepted at the Federal Reserve Banks and Treasury today [M a rch 1 ]. The details are as follows: Range of Accepted Competitive Bids Price Discount Rate Investment Rate' H i g h ..................................... .................. 90.415a 9 .4 8 0 % L o w ....................................... .................. 90.401 9 .4 9 4 % 10.39% 10.41% Average................................ .................. 90.410 9 .4 8 5 % 10.40% ‘Equivalent coupon-issue yield. aExcepting one tender of $500,000. Tenders at the low price were allotted 25 percent. Total Tenders Received and Accepted Accepted Received F.R. District (and U.S. Treasury) U .S. Treasury......................................... $ 56,680,000 5,814,170,000 17,565,000 76,210,000 188,515,000 31,450,000 358,865,000 52,385,000 8,430,000 25,695,000 4,955,000 403,065,000 5,140,000 $ 25,680,000 3,075,670,000 2,565,000 14,710,000 63,515,000 24,325,000 23,615,000 22,635,000 3,430,000 16,570,000 4,955,000 37,540,000 5,140,000 T o ta l....................................... $7,043,125,000 $3,320,350,000 Boston....................................................... New Y o r k ................................................ Philadelphia............................................ Cleveland................................................ Richmond................................................ A tla n ta .................................................... Chicago..................................................... St. L o u is.................................................. M inneapolis............................................ Kansas C i t y ............................................ D a lla s ....................................................... San Francisco................ i ...................... The $3,320 million o f accepted tenders includes $138 million o f noncompetitive tenders from the public and $1,588 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. P A U L A . VO LC KER , P resid en t.
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