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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.