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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