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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Circular No. 8 9 7 7 December 17, 1980 Results of Treasury’s 364-Day 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 $4,501 million of 52-week Treasury bills to be issued December 4, 1980, and to mature December 3, 1981. The details are as follows: R a n ge o f A ccep ted C om petitive Bids High ..................................................... L o w ....................................................... Average............................................... Price Discount Rate Investment Rate1 86.623 86.556 86.592 13.230% 13.296% 13.261% 14.93% 15.01% 14.97% 1 E q u iv a le n t c o u p o n -is s u e y ie ld . Tenders at the low price were allotted 15 percent. Total T en d ers R eceived and A ccep ted By F.R. District (and U.S. Treasury) Received Accepted Boston................................................... New York........................................... Philadelphia........................................ Cleveland............................................. Richmond ........................................... Atlanta................................................. Chicago................................................. St. Louis............................................. Minneapolis.......................................... Kansas C ity ........................................ D allas................................................... San Francisco.................................... U.S. Treasury.................................... $ 44,000.000 6,463.805,000 15,725,000 57,075,000 73,315,000 30,810,000 366,340,000 24,630,000 12,220,000 30,375,000 15,405,000 515,765.000 24,290,000 $ 19,000,000 3,947,555,000 15,725,000 39,075,000 66,315,000 30,810,000 97,990,000 21,630,000 12.220.000 23,375,000 5.405,000 197,765,000 24,290,000 Totals........................................ $7,673,755,000 $4,501,155,000 Public Competitive........................................ Noncompetitive................................ $6,040,390,000 243,365.000 $2,867,790,000 243,365.000 Subtotals.................................. $6,283,755,000 $3,111,155,000 Federal Reserve................................ Foreign Official Institutions......... 1.200,000,000 190,000,000 1.200.000,000 190,000.000 Totals........................................ $7,673,755,000 $4,501,155,000 B y class o f bidder A nthony m . Solom on. P r e s id e n t .