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FEDERAL RESERVE BANK
OF NEW YORK

Fiscal Agent of the United States
Circular No. 8 9 3 2
October 9, 1980

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

The Treasury Department has announced the acceptance of tenders for $4,000 million of 52week Treasury bills to be issued October 14, 1980, and to mature October 8, 1981. The details are as
follows:
Range of Accepted Competitive Bids

High ......................................................
L o w ................................. ......................
A v e r a g e ......................... ......................

Price

Discount
Rate

Investment
R ate 1

88.946
88.875
88.895

11.085%
11.156%
11.136%

12.27%
12.35%
12.33%

1 Equivalent coupon-issue yield.

Tenders at the low price were allotted 96 percent.




Total Tenders Received and Accepted
B y F .R . D istrict (and U.S. Treasury)

B oston .....................................................
New Y o r k .............................................
P h iladelp h ia.........................................
C levelan d...............................................
Richmond .............................................
A tla n ta ...................................................
C h icago...................................................
St. L o u is ...............................................
M inneapolis...........................................
Kansas C i t y .........................................
D a lla s .....................................................
San F r a n c is c o .....................................
U.S. T r e a s u r y .....................................

Received

$

Accepted

68,905,000
7,042,595,000
1,880,000
44,340,000
63,840,000
31,660,000
385,075,000
25,115,000
53,375,000
14,230,000
14,530,000
333,925,000
15,980,000

$

18,905,000
3,765,995,000
1,880,000
5.340.000
36.840.000
11.660.000
53.375.000
21.685.000
3.375.000
9.230.000
7.030.000
48.925.000
15.980.000

$8.095,450,000

$4,000,220,000

Public
C om petitive.........................................
N on com p etitive.................................

$6,697,000,000
160,050,000

$2,601,770,000
160.050.000

Subtotals...................................

$6,857,050,000

$2,761,820,000

Federal R e se rv e .................................
Foreign Official In stitution s..........

1,031,100,000
207,300,000

1,031,100,000
207.300.000

T otals.........................................

$8,095,450,000

$4,000,220,000

T otals.........................................

By class of bidder

A

nthony

M. S o l o m o n ,
P r esid en t