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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Circular No. 8 8 6 0 June 24. 1980 Results o f T reasury’s 359-Day Bill Auction To A ll Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: The Treasury Departm ent has announced that tenders for $4,000 million of 52-week Treasury bills to be issued June 24, 1980, and to m ature June 18, 1981, were accepted on June 18, 1980. The details are as follows: Range of Accepted Competitive Bids Price High ............................ .................. Low............................ ................... Average ....................... .................. 92.580a 92.503 92.530 Discount Rate Investment Rate' 7.441% 7.518% 7.491% 7.99% 8.08% 8.05% 1 Equivalent coupon-issue yield, a Excepting one tender of $785,000. Tenders at the low price were allotted 5 percent. Total Tenders Received and Accepted By F.R. District (and U.S. Treasury) Received Accepted Boston................................................ New Y o rk ......................................... P h ilad elp h ia..................................... C leveland........................................... Richmond ......................................... A tla n ta ............................................... Chicago............................................... St. L o u is........................................... Minneapolis....................................... Kansas C i t y ..................................... D a lla s ................................................. San F ran cisco .......................... '----U.S. Treasury .................................. $ 47,350,000 6,350,610,000 32,040,000 83,785,000 9,865,000 27,780,000 397,070,000 39,310.000 6,545,000 5,950,000 2,670,000 326,985,000 9,085,000 $ 32,350,000 3,570,610,000 32,040,000 43,785,000 3,865,000 25,380,000 155,070,000 20,310,000 4,545,000 5,950,000 2.670,000 94,485,000 9,085,000 T otals..................................... $7,339,045,000 $4,000,145,000 Public Com petitive..................................... N oncom petitive.............................. Subtotals................................ $6,067,605,000 81,215,000 $6,148,820,000 $2,728,705,000 81,215.000 $2,809,920,000 Federal R eserve.............................. Foreign Official In stitu tio n s....... 869,625,000 320,600,000 ,869,625.000 320,600.000 $7,339,045,000 $4,000,145,000 B y class of b id d er T otals..................................... . An additional $63,000 thousand of the bills will be issued to Federal Reserve Banks as agents of foreign and international monetary authorities for new cash. Anthony M. Solomon. President.
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