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FEDERAL RESERVE BANK OF NEW YORK
Fiscal Agent of the United States
Circular No. 8 7 2 2 1
December 28, 1979

J

Results of Bidding for 91-Day and 182-Day Treasury Bills
(To Be Issued December 27, 1979)
T o A l l I n c o r p o r a t e d B a n k s a n d T r u s t C o m p a n ie s , a n d O t h e r s
C o n c e r n e d , in th e S e c o n d F e d e r a l R e s e r v e D i s t r i c t :

T h e r e su lts o f b id d in g f o r the o ffe r in g o f 9 1 -d ay an d 1 8 2 -d ay T r e a s u r y b ills to be issu e d
D e ce m b e r 2 7 , 1979, h av e been re le a se d by the T r e a s u r y D e p a rtm e n t. T h e se re su lts a r e sh ow n b elo w :

Range of Accepted Competitive Bids
9 1 -D a y Treastiry Bills
M aturing M arch 27, 1980

H ig h ............................................
L o w ..............................................
A verage.......................................

P rice

D is c o u n t
R a te

96.956
96.939
96.948

12.042%
12.109%
12.074%

In v e stm en t
R a te1

12.63%
12.70%
12.66%

182-D a y T reasu ry Bills
M aturing June 26, 1980
D is c o u n t
R a te

P rice

94.034
93.984
94.007

In v estm en t
R a te
*

1

12.76%
12.87%
12.82%

11.801%
11.900%
11.854%

1 Equivalent coupon-issue yield.

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

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

Total Tenders Received and Accepted
9 1 -D a y Treasury Bills
M aturing M arch 27, 1980
F . R . D i s t r i c t (a n d U .S . T r e a s u r y )

B oston .........................................
New Y o rk ..................................
Philadelphia...............................
Cleveland....................................
Richmond...................................
A tlan ta........................................
C hicago.......................................
St. L o u is......................................
M inneapolis...............................
Kansas C ity ................................
D allas..........................................
San Francisco............................

R eceiv ed

A ccep ted

182-D a y T reasury Bills
M aturing Jurie 26, 1980
A ccep ted

R e ceiv ed

$ 22,010,000
2,727,340,000
19,470,000
29,405,000
74,530,000
36,415,000
115,860,000
23,825,000
2,920,000
34,360,000
11,340,000
74,025,000
32,525,000

$ 13,365,000
4,134,725,000
8,570,000
34,210,000
44,410,000
23,640,000
414,575,000
44,505,000
6,920,000
19,715,000
10,070,000
232,580,000
32,315,000

$

U.S. T reasu ry ............................

$ 22,010,000
4,941,235,000
19,470,000
29,405,000
77,470,000
36,415,000
360,610,000
32,825,000
2,920,000
34,360,000
11,340,000
265,025,000
32,525,000

13,365,000
2,711,170,000
8,570,000
29,210,000
44,410,000
23,640,000
171,075,000
42,505,000
6,920,000
19,715,000
10,070,000
87,580,000
32,315,000

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

$5,865,610,000

$3,204,025,000

$5,019,600,000

$3,200,545,000

$4,288,185,000
447,850,000

$1,626,600,000
447,850,000

$3,411,810,000
250,690,000

$1,592,755,000
250,690,000

Federal R eserve.........................
Foreign Official Institutions ....

$4,736,035,000
957,975,000
171,600,000

$2,074,450,000
957,975,000
171,600,000

$3,662,500,000
950,000,000
407,100,000

$1,843,445,000
950,000,000
407,100,000

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

$5,865,610,000

$3,204,025,000

$5,019,600,000

$3,200,545,000

B y c la s s o f b id d e r

Public
Competitive ...........................
Noncompetitive .....................
S ubtotals ..........................




T homas

M.

T im l e n ,

First Vice President.