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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.