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FEDERAL RESERVE BANK OF NEW YORK Circular No. 8552 April 6, 1979 Results of Treasury’s 362-Day Bill Auction To All Incorporated Banka and Trust Companies, and Others Concerned, in the Second Federal Reserve District: The following auction results were announced by the Treasury Department: Tenders for $3,344 million of 52-week Treasury bills to be dated April 5. 1979, and to mature April 1, 1980, were accepted at the Federal Reserve Banks and Treasury today [ April 4]. The details are as follows: Range of Accepted Competitive Bids High ............................. ................... L ow .................................................. Average ........................ ................... Price Discount Rate Inrestment Rate1 90.719a 90.719 90.719 9.230% 9.230% 9.230% 10.09% 10.09% 10.09% 'Equivalent coupon-issue yield. a Excepting one tender of $500,000. Tenders at the low price were alloted 91 percent. Total Tenders Received and Accepted F.R. District (and U.S. Treasury) Boston............................................... New Y o rk ........................................ Philadelphia..................................... Cleveland.......................................... Richmond ......................................... A tlanta.............................................. Chicago.............................................. St. Louis............................................ Minneapolis....................................... Kansas City....................................... D allas................................................ San Francisco ................................. U.S. Treasury................................... Total....................................... ' Accepted Receired $ 56,235,000 6,155,695,000 8,725,000 50,935,000 9,635,000 22,320,000 284,965,000 45,370,000 14,505,000 34.555,000 5,270,000 273,555,000 7,195,000 $ 11,235.000 3,197,595,000 3.725.000 9.935.000 9.635.000 20.870.000 25.245.000 15.430.000 4.505.000 19.910.000 5.270.000 13.195.000 7.195.000 $6,968,960,000 $3,343,745,000 The $3,344 million of accepted tenders includes $197 million of noncompetitive tenders from the public and $1,599 million of tenders from Federal Reserve Banks for themselves and as agents of foreign and international monetary authorities accepted at the average price. P a ul A. V olcker . President.
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