The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
____________ — .......... ...........................................s w b e * ■■■■■■■■■■ m FE D E R A L R ESER VE B A N K O F N EW YORK Fiscal Agent of the United States r Circular No. 8835*1 L May 22, 1980 J Results of Bidding for 91-Day and 182-Day Treasury Bills (To Be Issued May 22, 1980) To All Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: The results of bidding for the offering of 91-day and 182-day Treasury bills to be issued May 22, 1980, have been released by the Treasury Department. These results are shown below: Range of Accepted Competitive Bids 9 1 -Day Treasury Bills Maturing August 2 1 , 1980 Price H ig h ............................. ................ L ow .............................. ................ Average........................ .......,........ 97.763a 97.717 97.737 18 2 -Day Treasury Bills Maturing November 20, 1980 Price Discount Rate Investment Rate1 95.513b 95.465 95.489 8.875% 8.970% 8.923% 9.42% 9.53% 9.47% Investment Rate1 Discount Rate 8.850% 9.032% 8.953% 9.18% 9.37% 9.29% 1 Equivalent coupon-issue yield. a E xcepting one tender of $1,810,000. b Excepting tw o tenders totaling $720,000. (35 percent of the amount of 91-day bills bid for at the low price was accepted.) (57 percent of the amount of 182-day bills bid for at the low price was accepted.) Total Tenders Received and Accepted 9 1 -Day Treasury Bills Maturing August 2 1 , 1980 182 -Day Treasury Bills Maturing November 20, 1980 Received Accepted 23,330,000 5,212,590,000 10,255,000 11,815,000 14,240,000 18,940,000 260,485,000 41,095,000 13,910,000 34,095,000 9,075,000 304,360,000 105,130,000 $ 18,330,000 3,164,465,000 10,255,000 11,815,000 12,240,000 18,440,000 51,135,000 18,095,000 3,910,000 34,095,000 7,075,000 45,060,000 105,120,000 $3,500,415,000 $6,059,320,000 $3,500,035,000 $4,141,730,000 599,665,000 $1,699,775,000 599,665,000 $4,304,575,000 347,045,000 $1,745,290,000 347,045,000 Federal R eserve....................... Foreign Official Institutions .... $4,741,395,000 871,965,000 329,010,000 $2,299,440,000 871,965,000 329,010,000 $4,651,620,000 865,000,000 542,700,000 $2,092,335,000 865,000,000 542,700,000 T otals ............................... $5,942,370,000 $3,500,415,000 $6,059,320,000 $3,500,035,000 Received Accepted 41,995,000 4,852,550,000 21,740,000 38,115,000 29,530,000 39,050,000 354,075,000 52,830,000 16,405,000 41,255,000 16,240,000 358,615,000 79,970,000 $ 35,995,000 2,862,645,000 21,740,000 33,115,000 29,530,000 39,000,000 159,075,000 31,830,000 11,405,000 41,255,000 16,240,000 138,615,000 79,970,000 $ T otals ............................. $5,942,370,000 By class of bidder Public Competitive ......................... Noncompetitive ................... F. R. District (and U.S. Treasury) Boston....................................... New Y o rk ................................. Philadelphia .......................... . Cleveland ................................. Richmond ................................. Atlanta ..................................... Chicago..................................... St. L ouis................................... Minneapolis ............................. Kansas City ............................. Dallas ....................................... San Francisco ......................... U.S. Treasury ......................... S ubtotals ....................... $ A n t h o n y M. S o lo m o n , President.
@FedFRASER