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FEDERAL RESERVE BANK
OF NEW YORK
Agent of the United States

Fiscal

Circular No. 8 9 4 7
November 5, 1980

Results of Treasury’s 364-D ay Bill Auction
To All Incorporated Banks and Trust Companies, and Others
Concerned, in the Second Federal Reserve District:
The Treasury Department has announced the acceptance of tenders for $4,001 million of 52week Treasury bills to be issued November 6, 1980, and to mature November 5, 1981. The details are
as follows:
R a n ge o f A cc e p te d C om petitive Bids

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

87.696a
87.567
87.645

Discount
Rate

Investment
Rate1

12.169%
12.296%
12.219%

13.61%
13.76%
13.67%

1 Equivalent coupon-issue yield.
a Excepting three tenders totaling $9,485,000.

Tenders at the low price were allotted 29 percent.




Total T en d ers R e ce iv e d and A cc e p te d

By F.R. District (and U.S. Treasury)

Received

Accepted

48,855,000
5,735,715,000
2,780,000
31,055,000
23,670,000
30,555,000
329,780,000
36,955,000
4,905,000
15,400,000
7,275,000
311,065,000
24,285,000

$ 36,855,000
3,635,065,000
2.780.000
16.055.000
23.670.000
28.555.000
79.780.000
25.955.000
4.905.000
15.400.000
6.275.000
101,065,000
24.285.000

$6,602,295,000

$4,000,645,000

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

$4,873,685,000
202,610,000

$2,272,035,000
202,610,000

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

$5,076,295,000

$2,474,645,000

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

900,000,000
626,000,000

900.000. 000
626.000. 000

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

$6,602,295,000

$4,000,645,000

B oston .....................................................
New Y o r k .............................................
P h iladelphia.........................................
C leveland...............................................
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 is co .....................................
U.S. T r e a s u ry .....................................
T otals.........................................

$

By class of bidder
Public

A n t h o n y M. S o lo m o n .

President.