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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Circular No. 8764 February 29. 1980 Results of T reasu ry’s 359-D ay Bill A uction T o A l l I n c o r p o r a te 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 th 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 : The Treasury Department has announced that tenders for $4,000 million of 52-week Treasury bills to be issued March 4, 1980, and to mature February 26, 1981, were accepted on February 27. The details are as follows: R ange of A ccep ted C om petitive Bids P r ic e High .................................................... L o w ................................. .................... A v e ra g e .............................................. 86.561a 86.441 86.511 D is c o u n t R a te I n v e s tm e n t R a te 1 13.476% 13.597% 13.527% 15.22% 15.37% 15.28% 1 Equivalent coupon-issue yield. a Excepting two tenders totaling $2,250,000. Tenders at the low price were allotted 99 percent. Total T enders R eceived and A ccepted R e c e iv e d A c c e p te d 28,085,000 5.160,510,000 53,570,000 19,680,000 95,605,000 53,470.000 428,130,000 58,010,000 13,825,000 30,250,000 18,600.000 321,045,000 11,975,000 $ 23.085,000 3,364.980,000 3,570,000 19,580,000 94,555,000 47,970,000 140,830,000 49,010,000 13,825,000 24.250,000 10,590,000 196,045.000 11,975,000 $6,292,755,000 $4,000,265,000 Public Com petitive...................................... N oncom petitive.............................. $4,725,475,000 238,880,000 $2,432,985,000 238,880,000 Subtotals................................ $4,964,355,000 $2,671,865,000 Federal R eserve.............................. Foreign Official In stitu tio n s....... 1,100,900,000 227,500,000 1,100,900.000 227.500,000 T otals...................................... $6,292,755,000 $4,000,265,000 B y F .R . D i s t r i c t ( a n d U .S . T r e a s u r y ) Boston................................................. New Y o rk ......................................... P hiladelphia...................................... C leveland........................................... Richmond ......................................... A tla n ta ............................................... Chicago............................................... St. L o u is ........................................... Minneapolis........................................ Kansas C i ty ...................................... D a lla s................................................. San F ran c isc o .................................. U.S. T re a su ry .................................. T otals...................................... By c la s s $ o f b id d e r Thomas M. Timlen. First Vice President.
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