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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Circular No. 8900 August 20, 1980 Results of Treasury’s 359-Day Bill Auction To All Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Resent District: The Treasury Department has announced the acceptance of tenders for $4,000 million of 52week Treasury bills to be issued August 19, 1980, and to mature August 13, 1981. The details are as follows: R a n g e o f A c c e p te d C om p etitive Bids High .................................. ...................... L o w .................................... ...................... A v e r a g e ............................ ...................... Price Discount Rate Investment Rate1 91.124 91.029 91.062 8.901% 8.996% 8.963% 9.67% 9.78% 9.75% 1 Equivalent coupon-issue yield. Tenders at the low price w ere allotted 94 percent. T otal T en d ers R eceiv ed and A c c e p te d By F.R. District (and U.S. Treasury) B o sto n ....................................................... N ew Y o r k ............................................... P h ila d elp h ia ........................................... C levelan d ................................................. Richmond ............................................... A tla n ta ..................................................... C hicago..................................................... St. L o u is ................................................. M inneapolis............................................. Kansas C i t y ........................................... D a lla s ....................................................... San F r a n c isc o ....................................... U.S. T r e a s u r y ....................................... T o ta ls........................................... Accepted Received $ 28,145,000 5,447,265,000 1,420,000 22,895,000 41,160,000 25,315,000 419,930,000 40,370,000 2,310,000 9,275,000 4,465,000 402,305,000 10,870,000 $ 3,145,000 3,506,265,000 1.420.000 22.895.000 37.160.000 23.315.000 187.230.000 27.370.000 2.310.000 9.275.000 3.465.000 165.305.000 10.870.000 $6,455,725,000 $4,000,025,000 Public C om p etitive........................................... N o n co m p etitiv e................................... $5,027,860,000 100,075,000 $2,572,160,000 100.075.000 S u b totals..................................... $5,127,935,000 $2,672,235,000 Federal R e se r v e ................................... Foreign Official In stitu tio n s.......... 1,051,890,000 275,900,000 1,051,890,000 275.900.000 T o ta ls........................................... $6,455,725,000 $4.000,025,000 By class of bidder A n t h o n y M. S o l o m o n , President,
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