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FEDERAL RESERVE BANK
OF NEW YORK
Fiscal Agent of the United States

8660

[Circular No.
I
[_ October 17. 1979 J

Results of Treasury’s 364-D ay Bill Auction
To A ll Incorporated Banks and Trust Companies, and Others
Concerned, in the Second Federal R e s e n t District:

The Treasury Department has announced that the tenders for $3,471 million of 52-week
Treasury bills to be issued October 16, 1979, and to mature October 14, 1980, were accepted on
October 10. The details are as follows:
Range of Accepted Competitive Bids

High ...............................
Low.................................
Average..........................

Discount
Rate

Investment
Rate'

11.490%
11.533%
11.508%

Price

12.81%
12.86%
12.83%

1 Equivalent coupon-issue yield.

Tenders' at the low price were allotted 92 percent.




Total Tenders Received and Accepted
By F.R. District (and U.S. Treasury)

Received

Accepted

Boston....................................................
New Y o rk ............................................
Philadelphia........................................
Cleveland..............................................
Richmond ............................................
A tlan ta..................................................
Chicago..................................................
St. L o u is ..............................................
Minneapolis..........................................
Kansas C it y ........................................
D a lla s ....................................................
San F ran cisco .....................................
U.S. T re a su ry .....................................

$ 4,705,000
5,669,740,000
57,090,000
55,225,000
44,855,000
28,760,000
248,740,000
14,500,000
12,685,000
10,525,000
2,610,000
239,900,000
9,505,000

$

T otals........................................

$6,398,840,000

$3,470,785,000

Subtotals...................................

$4,423,280,000
97,660,000
$4,520,940,000

$1,495,225,000
97,660,000
$1,592,885,000

Federal Reserve, and Foreign
Official Institutions.........................

1,877,900.000

1.877,900.000

T otals........................................

$6,398,840,000

$3,470,785,000

4,705,000
3,392,085,000
2,090,000
5.225,000
4,855,000
13,060,000
12.540,000
6.500,000
2,685,000
5,525,000
2,110.000
9,900,000
9,505,000

B y class o f bidder

Public
Competitive........................................
Noncompetitive.................................

T homas

M. T i m l e n .

F irst Vice President.