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— — — FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States I Circular No. 8 6 3 5 1 I September 14. 1979S •J R esults of T rea su ry ’s 364-D ay B ill A u ction To All Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: T h e T r e a su r y D e p a r tm e n t h a s a n n ou n ced th a t th e te n d er s for $3,550 m illio n o f 5 2 -w eek T r e a su r y b ills to b e issu e d S e p te m b e r 18, 1979, an d to m a tu r e S e p te m b e r 1 6 ,1 9 8 0 , w e re a cc ep ted on S e p te m b e r 12. T h e d e ta ils a re a s follow s: Range of Accepted Competitive Bids Discount Rate Price High ................................................ L ow ............................. ................... Average ........................................... 90.032 89.980 89.997 Investment Rate• 10.84% 10.90% 10.88% 9.858% 9.910% 9.893% 1 Equivalent coupon-issue yield. Tenders at the low price were allotted 37 percent. Total Tenders Received and Accepted By F.R. District (and U.S. Treasury) Boston............................................... New York........................................ Philadelphia..................................... Cleveland.......................................... Richmond ........................................ A tlanta............................................. Chicago............................................. St. Louis.......................................... Minneapolis...................................... Kansas C ity ..................................... D allas............................................... San Francisco................................. U.S. T reasury................................. Accepted Received $ 10,415,000 4,813,425,000 1,495,000 13,335,000 5,325,000 32,710,000 437,315,000 39,790,000 19,445,000 14,155,000 3,840,000 350,955,000 8,460,000 $ 5,415,000 3,111,475,000 1.495.000 8.185.000 5.325.000 32.310.000 177.165.000 6.790.000 13.445.000 13.155.000 3.840.000 162.955.000 8.460.000 Totals.................................... $5,750,665,000 $3,550,015,000 By class of bidder Public Competitive.................................... Noncompetitive.............................. $4,083,055,000 115,265,000 $1,882,405,000 115,265,000 Subtotals........................ $4,198,320,000 $1,997,670,000 Federal Reserve, and Foreign Official Institutions................ 1,552,345,000 1,552,345,000 $5,750,665,000 $3,550,015,000 Totals T homas M. T im l e n , First Vice President.
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