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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 .