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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States No. 8907*1 Lr Circular August 27, 1980 J Results of Bidding for 92-Day and 182-Day Treasury Bills (To Be Issued August 28, 1980) To A ll Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve D istrict: The results of bidding for the offering of 92-day and 182-day Treasury bills to be issued August 28, 1980, have been released by the Treasury Department. These results are shown below: Range of Accepted Competitive Bids 92-Day Treasury Bills Maturing November 28, 1980 Price High............................................. Low .............................................. Average........................................ 97.501 97.428 97.438 Discount Rate 182-Day Treasury Bills Maturing February 26, 19 8 1 Investment R a te 1 9.779% 10.064% 10.025% 10.17% 10.47% 10.43% Price Discount Rate Investment Rate 1 94.833 94.809 94.818 10.220% 10.268% 10.250% 10.93% 10.98% 10.96% 1Equivalent coupon-issue yield. (54 percent of the amount of 92-day bills bid for at the low price was accepted.) (72 percent of the amount of 182-day bills bid for at the low price was accepted.) Total Tenders Received and Accepted 92-Day Treasury Bills Maturing November 28, 1980 P. R. D istrict (and U.S. Treasury) 182-Day Treasury Bills Maturing February 26, 1981 Accepted Received $ ............................. $7,719,405,000 $3,800,010,000 $7,961,985,000 $3,800,415,000 Public Competitive ......................... Noncompetitive ................... $5,250,135,000 778,900,000 $1,330,740,000 778,900,000 $5,685,605,000 501,300,000 $1,524,035,000 501,300,000 S u b t o t a l s ....................... Federal R eserve....................... Foreign Official Institutions .... $6,029,035,000 703,900,000 986,470,000 $2,109,640,000 7*03,900,000 986,470,000 $6,186,905,000 1 ,0 0 0 ,0 0 0 , 0 0 0 775,080,000 $2,025,335,000 1 ,0 0 0 ,0 0 0 , 0 0 0 775,080,000 $7,719,405,000 $3,800,010,000 $7,961,985,000 $3,800,415,000 otals $ 72,330,000 6,308,755,000 101,805,000 68,045,000 96,750,000 37,390,000 509,595,000 36,610,000 12,840,000 40,290,000 12,730,000 563,430,000 101,415,000 Accepted $ 91,840,000 6,200,580,000 105,735,000 144,470,000 40,780,000 49,690,000 420,460,000 42,595,000 15,535,000 55,690,000 30,505,000 434,385,000 87,140,000 T 44,545,000 2,931,430,000 80,735,000 83,470,000 35,510,000 49,590,000 194,260,000 20,595,000 11,155,000 55,690,000 18,505,000 187,385,000 87,140,000 Received Boston....................................... New Y o rk ................................. Philadelphia ............................. Cleveland ................................. Richmond................................. Atlanta ..................................... Chicago..................................... St. L ouis.................................... Minneapolis ............................. Kansas C ity ............................. Dallas ........................................ San Francisco ......................... U.S. Treasury ......................... $ 27,080,000 2,983,515,000 86,805,000 33,045,000 59,750,000 33,190,000 142,615,000 13,610,000 6,840,000 39,790,000 12,730,000 260,030,000 101,415,000 B y class of b id d er T otals .......................................... An additional $129,680,000 of 13-week bills and an additional $110,520,000 of 26-week bills will be issued to foreign official institutions for new cash. A n t h o n y M. S olom on , President.
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