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FEDERAL RE8ERVE BANK OF NEW YORK Fiscal Agent of the United States C ircular No. 8678TJ November 9, 1979 j [ Results of Treasury’s 359-Day Bill Auction To All Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: The Treasury Department has announced that the tenders for $3,890 million of 52-week Treasury bills to be issued November 13, 1979, and to mature November 6, 1980, were accepted on November 7. The details are as follows: Range of Accepted Competitive Bids High ............ ........ L o w ............ ......... Average......... ........ Price Discount Rate Investment Rate ' 88.236 88.217 88.223 11.797% 11.816% 11.810% 13.17% 13.19% 13.18% 1 Equivalent coupon-issue yield. Tenders at the low price were allotted 45 percent. Total Tenders Received and Accepted By F.R. District (and U.S. Treasury) Received Accepted Boston.................... New York................. Philadelphia................ Cleveland.................. Richmond ................. Atlanta................... Chicago................... St. Louis.................. Minneapolis................ Kansas City................ Dallas......... San Francisco.............. U.S. Treasury.............. $ 27,440,000 5,441,110,000 68,015,000 7,430,000 58,935,000 18,160,000 277,890,000 33,970,000 19,620,000 10,240,000 8,390,000 212,810,000 11,045,000 $ 5,640,000 3,733,400,000 3.015.000 7.430.000 13.935.000 15.695.000 43.890.000 6.970.000 5.120.000 10.240.000 6.390.000 27.310.000 11.045.000 $6,195,055,000 $3,890,080,000 Public Competitive............... Noncompetitive............ $3,775,035,000 153,390,000 $1,470,060,000 153,390,000 Subtotals............. $3,928,425,000 $1,623,450,000 Federal Reserve, and Foreign Official Institutions......... 2,266,630,000 2,266,630,000 $6,195,055,000 $3,890,080,000 Totals............... B y class o f bidder Totals................ Thomas M. Timlen, F ir st Vice President.