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FEDERAL RESERVE BANK
OF NEW YORK
F isc a l A g e n t o f th e U n ite d S ta te s

Results of Treasury’s 364-Day Bill Auction
To All Incorporated Banks and Trust Companies, and Others
Concerned, in the Second Federal Reserve District:
T he T rea su ry D e p a r tm e n t h a s an n ou n ced th a t th e te n d er s for $3,541 m illio n of 52-w eek
T rea su ry b ills to be issu ed A u g u st 21, 1979, and to m a tu r e A u g u st 19, 1980, w ere a ccep ted on
A u g u st 15. T he d e ta ils a re a s follow s:
R an ge o f A ccep ted C om petitive B ids

Discount
Rate

Brice
H ig h ...............................................................
L o w ...................................... .........................
A v e r a g e ............................. .........................

1 Equivalent

Investment
Rate1

9 0 .7 5 8

9.140%

9.99%

90.6 8 8
90.7 0 9

9.210%
9.189%

10.07%
10.05%

coupon-issue yield.

T e n d er s a t th e low p rice w e r e a llo tted 29 p ercen t.

Total T enders R eceived and A ccepted

By F.R. District (and U.S. Treasury)
B o s to n .............................................................
N ew Y o r k ....................................................
P h i la d e lp h ia ...............................................

$

3 0 ,1 4 5 ,0 0 0
4 .7 7 7 ,4 7 0 ,0 0 0

Accepted
$

10,145,000
3 ,0 9 4 ,9 2 0 ,0 0 0

6 0 ,7 9 0 ,0 0 0
6 5 ,4 6 0 ,0 0 0
4 8 ,6 7 0 ,0 0 0
1 3 ,2 7 0 ,0 0 0

4 5 ,7 9 0 ,0 0 0
4 9 ,8 1 0 ,0 0 0
3 7 ,6 7 0 .0 0 0
13 , 270 . 0'-'

3 4 2 ,5 8 5 ,0 0 0
3 2 ,1 8 5 ,0 0 0
'7 ,7 3 0 ,0 0 0
1 6 ,9 0 5 ,0 0 0
4 ,9 7 5 ,0 0 0
3 2 0 ,4 8 0 ,0 0 0
1.0,310,000

1 0 7 ,0 8 5 ,0 0 0
1 3 ,1 8 5 ,0 0 0
7 ,7 3 0 ,0 0 0
1 2 ,1 95,000
2 ,9 7 5 ,0 0 0
1 3 5 ,4 8 0 ,0 0 0
1 0 ,3 10,000

$ 5 ,7 3 0 ,9 7 5 ,0 0 0

$ 3 ,5 4 0 ,5 6 5 ,0 0 0

C o m p e titiv e ...............................................
N o n c o m p e t it iv e ......................................

$ 4 ,0 9 0 ,2 7 0 ,0 0 0
9 7 ,8 3 5 ,0 0 0

$ 1 ,8 9 9 ,8 6 0 ,0 0 0
9 7 ,8 3 5 ,0 0 0

S u b to t a ls .............................

$ 4 ,1 8 8 ,1 0 5 ,0 0 0

$ 1 ,9 9 7 ,6 9 5 ,0 0 0

F ed er a l R ese rv e and F o re ig n
O fficia l I n s t it u t io n s ..................

1 ,5 4 2 ,8 7 0 ,0 0 0

C le v e la n d ......................................................
R ich m o n d ....................................................
A t l a n t a ..........................................................
C h ic a g o ..........................................................




Received

St. L o u i s ......................................................
M in n e a p o lis.................................................
K an sas C ity ...............................................
D a l l a s .............................................................
S an F r a n c i s c o ...........................................
U .S . T r e a s u r y ...........................................
T o ta ls

By class of bidder
P u b lic

T o ta ls

1 ,5 4 2 ,8 7 0 ,0 0 0

$ 5 ,7 3 0 ,9 7 5 ,0 0 0

$ 3 ,5 4 0 ,5 6 5 ,0 0 0

T

homas

M. T

im l e n

,

First Vice President