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FEDERAL RESERVE BANK OF NEW YORK
Fiscal Agent of the United States
CircularNo. 8 6 3 1 ^

[

August

29,

1979

J

Results of Bidding for 91-Day and 182-Day Treasury Bills
(To Be Issued August 30, 1979)
To A ll Incorporated Banks and Trust Companies, and Others
Concerned, in the Second Federal Reserve District:

The results of bidding for the offering of 91-day and 182-day T reasury bills to be issued
A ugust 30, 1979, have been released by the T reasu ry D epartm ent. These results are shown below:
Range of Accepted Competitive Bids
91 -Day Treasury Bills
Maturing November 2 9 ,1 9 79

H igh...........................................
Low............................................
Average......................................

182 -Day Treasury Bills
Maturing February 2 8,1980

Price

Discount
Rate

Investment
R a te 1

Price

Discount
Rate

Investment
R a te 1

97.565
97.550
97.553

9.633%
9.692%
9.680%

10.04%
10.10%
10.09%

95.132
95.121
95.124

9.629%
9.651%
9.645%

10.29%
16.31%
10.31%

1 Equivalent coupon-issue yield.

(76 percent of the amount of 91-day bills
bid for at the low price was accepted.)

(54 percent of the amount of 182-day bills
bid for at the low price was accepted.)

Total Tenders Received and Accepted
91 -Day Treasury Bills
Maturing November 2 9 ,1 9 79
B y F .R . D istric t (and U .S. T rea su ry)

B o s to n ...........................................
N ew Y o r k ....................................
P h ila d e lp h ia .................................
C lev e la n d ......................................
R ic h m o n d ................. ....................
A tla n ta ...........................................
C h ic a g o .........................................
St. L o u is .......................................
M in n eap o lis.................................
K ansas C ity ..................................
D a lla s .............................................
S an F ra n c is c o ..............................

R eceived

$

29,835,000
3,775,230,000
23,430,000
39,715,000
44,610,000
37,720,000
326,805,000
26,430,000
15,425,000
37,320,000
20,280,000
217,655,000

182 -Day Treasury Bills
Maturing February 2 8,1980

A ccep ted

$

29,835,000
2,415,710,000
23,430,000
39,715,000
44,610,000
37,480,000
216,805,000
18,430,000
15,425,000
37,230,000
20,280,000
77,655,000

R eceived

$

25,310,000
4,479,340,000
19,625,000
46,440,000
47,735,000
29,410,000
322,065,000
19,395,000
15,110,000
24,440,000
17,410,000
224,220,000

A ccepted

$

23,930,000
2,614,680,000
14,625,000
16,440,000
17,735,000
23,705,000
121,965,000
9,395,000
5,110,000
18,745,000
12,410,000
96,920,000

U .S . T r e a s u r y .............................

24,720,000

24,720,000

24,740,000

24,740,000

T o t a l s ..................................

$4,619,085,000

$3,001,325,000

$5,295,240,000

$3,000,400,000

$2,976,905,000
488,430,000

$1,359,145,000
488,430,000

$3,385,820,000
301,670,000

$1,134,080,000
301,670,000

$3,465,335,000

$1,847,575,000

$3,687,490,000

$1,435,750,000

1,153,750,000
$4,619,085,000

1,153,750,000
$3,001,325,000

1,607,750,000

1,564,650,000

$5,295,240,000

$3,000,400,000

B y class o f bidder

Public
C om petitive ............................
N oncom petitive .....................
S ubtotals ..........................
F ederal R eserve, and F oreign
Official Institu tio n s ...............
T o t a l s .....................................




T homas M. T im l e n ,

First Vice President.