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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.