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FEDERAL RESERVE BANK
OF NEW YORK
Fiscal Agent of the United States

No. 8883
n Circular
July 24. 1980

*]

Results of Treasury’s 359-Day Bill Auction
To A ll Incorporated Banks and Trust Companies, and Others
Concerned, in the Second Federal Reserve D istrict:

T h e T r e a s u r y D e p a r t m e n t h a s a n n o u n c e d th e a c c e p t a n c e o f t e n d e r s fo r $ 4 ,0 0 0 m illio n o f 52w e e k T r e a s u r y b ills to b e is s u e d J u ly 2 2 , 1 9 8 0 , a n d to m a t u r e J u ly 16, 1 9 8 1 . T h e d e t a ils a r e a s
fo llo w s:

Range of Accepted Competitive Bids

High .............................. ....................
L o w ................................ ....................
A verage.............................................

Price

Discount
Rate

Investment
R ate1

92.411
92.271
92.352

7.610%
7.751%
7.669%

8.18%
8.35%
8.25%

1 Equivalent coupon-issue yield.

Tenders at the low price were allotted 45 percent.




Total Tenders Received and Accepted
Received

Accepted

5,555,000
5,438,680,000
50,705,000
42,060,000
19,115,000
19,995,000
589,105,000
35,805,000
12,055,000
5,735,000
6,390,000
392,295,000
11,950,000

$
5,555,000
3,430,930,000
705,000
12,060,000
19.115.000
19.995.000
369,105,000
21.805.000
3.055.000
5.735.000
3.390.000
96.745.000
11.950.000

$6,629,445,000

$4,000.145.000

Public
Competitive......................................
Noncompetitive...............................
Subtotals................................

$5,327,050,000
94,815,000
$5,421,865,000

$2,847,750,000
94,815,000
$2,942,565,000

Federal Reserve...............................
Foreign Official Institutions.........

974,780,000
232,800,000

824.780.000
232.800.000

Totals......................................

$6,629,445,000

$4,000,145.000

B y F.R. D istrict (and U.S. Treasury)

Boston................................................
New Y ork.........................................
Philadelphia......................................
Cleveland...........................................
Richmond .........................................
A tlan ta...............................................
Chicago...............................................
St. L o u is...........................................
Minneapolis........................................
Kansas C ity ......................................
D allas.................................................
San Francisco..................................
U.S. T reasu ry ..................................
Totals......................................

$

By class of bidder

A n t h o n y M. S o l o m o n ,

President.