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FEDERAL RESERVE BANK OF NEW YORK Fiscal A gent of the U nited States Circular No. 8565 f April 27, 1979 Results of Treasury’s 364-Day Bill Auction To A ll Incorporated B anks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: The follow ing auction results were announced by the Treasury Department: Tenders for $3,022 million of 52-week Treasury bills to be dated May 1, 1979, and to mature April 29, 1980, were accepted at the Federal Reserve Banks and Treasury today [ April 25\ The details are as follows: R a n g e o f A c c e p t e d C o m p e t it iv e B id s High ................................................. L ow ............................... ................... Average ........................ ................... Price Discount Rate Investment Rate' 90.698 90.652 90.662 9.200% 9.245% 9.235% 10.06% 10. 11% 10. 10% 'Equivalent coupon-issue yield. Tenders at the low price were alloted 99 percent. T o t a l T e n d e r s R e c e iv e d a n d A c c e p t e d F.R. D istrict land U.S. Treasury) Accepted Received Boston................................................ New Y o rk ........................................ Philadelphia..................................... Cleveland.......................................... Richmond ........................................ A tlanta.............................................. Chicago.............................................. St. Louis............................................ Minneapolis....................................... Kansas City....................................... D allas................................................ San Francisco .................................. U.S. Treasury................................... $ 29,985.000 5,323.980.000 51,490.000 35,360.000 41,980,000 11,110,000 449.030,000 42,565.000 25,035,000 18,615,000 2,255.000 464.610,000 16,320.000 Total....................................... $6,512,335,000 $ 9,985.000 2,487,680,000 11,390,000 5.360.000 32,980,000 11,110,000 208,930.000 20.565,000 25,035.000 10.615.000 2,255,000 179,510,000 16,320,000 $3,021,735,000 The $3,022 million of accepted tenders includes $119 million of noncompetitive tenders from the public and $1,242 million of tenders from Federal Reserve Banks for themselves and as agents of foreign and international monetary authorities accepted at the average price. P aul A. V olcker . P r e s id e n t.
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