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FEDERAL RESERVE BANK OF NEW YORK F iscal A gent of the United States L Circular No. 9 0 2 7 February 26, 1981 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 $4,500 million of 52-week Treasury bills to be issued February 26, 1981, and to mature February 25, 1982. The details are as follows: Range of Accepted Competitive Bids Price H ig h ...................................... ......................... 8 7 .1 3 9 * L o w ......................................... A v e r a g e ......................................................... 8 7 .0 5 7 Discount Rate Investment Rate1 12.720 % 14.29% 12.880 % 14.49% 12.801 % 14.39% 1 Equivalent coupon-issue yield * Excepting four tenders totaling $12,090,000. T e n d e r s a t th e lo w p r ic e w e r e a llo tte d 7 p e r c e n t. Total Tenders Received and Accepted By F.R. District (and U.S. Treasury) B o s t o n ........................................................... N ew Y o r k .................................................. Accepted Received $ 7 9 ,9 9 5 ,0 0 0 5 ,7 6 9 ,4 7 5 ,0 0 0 $ 4 4 ,9 9 5 ,0 0 0 3 ,8 4 5 ,8 8 5 ,0 0 0 P h i l a d e l p h i a .............................................. 6 ,6 8 0 ,0 0 0 6 ,6 8 0 ,0 0 0 C l e v e l a n d ..................................................... 4 4 ,6 2 0 ,0 0 0 4 4 ,6 2 0 ,0 0 0 6 9 ,8 6 5 ,0 0 0 R ic h m o n d .................................................. 7 9 ,8 6 5 ,0 0 0 A t l a n t a ......................................................... 3 1 ,1 5 5 ,0 0 0 3 0 ,6 5 5 ,0 0 0 C h i c a g o ......................................................... 2 8 8 ,8 2 5 ,0 0 0 1 4 2 ,3 2 5 ,0 0 0 2 4 ,8 1 5 ,0 0 0 St L o u i s ..................................................... 3 0 ,8 1 5 ,0 0 0 M in n e a p o lis ................................................ 1 2 ,7 2 0 ,0 0 0 1 2 ,7 2 0 ,0 0 0 K a n sa s C i t y .............................................. 2 5 ,8 6 5 ,0 0 0 2 5 ,8 6 5 ,0 0 0 D a l l a s ............................................................ 1 1 ,7 1 5 ,0 0 0 1 1 ,7 1 5 ,0 0 0 S a n F r a n c i s c o ......................................... 3 6 7 ,4 8 0 ,0 0 0 2 0 8 ,9 8 0 ,0 0 0 U .S . T r e a s u r y ................ ......................... 3 1 ,2 2 5 ,0 0 0 3 1 ,2 2 5 ,0 0 0 T o t a l s .............................................. $ 6 ,7 8 0 ,4 3 5 ,0 0 0 $ 4 ,5 0 0 ,3 4 5 ,0 0 0 C o m p e t it iv e .............................................. $ 5 ,3 0 0 ,9 6 0 ,0 0 0 $ 3 ,0 2 0 ,8 7 0 ,0 0 0 N o n c o m p e t i t i v e ..................................... 2 5 1 .9 7 5 .0 0 0 2 5 1 .9 7 5 .0 0 0 S u b t o t a ls ....................................... $ 5 ,5 5 2 ,9 3 5 ,0 0 0 $ 3 ,2 7 2 ,8 4 5 ,0 0 0 F e d e r a l R e s e r v e ..................................... 1 ,0 0 0 ,0 0 0 ,0 0 0 1 ,0 0 0 ,0 0 0 ,0 0 0 F o r e ig n O ffic ia l I n s t i t u t i o n s ......... 2 2 7 ,5 0 0 ,0 0 0 2 2 7 ,5 0 0 ,0 0 0 T o t a l s .............................................. $ 6 ,7 8 0 ,4 3 5 ,0 0 0 $ 4 ,5 0 0 ,3 4 5 ,0 0 0 By class of bidder P u b lic An additional $736,400 thousand of the bills will be issued to Federal Reserve Banks as agents of foreign and international monetary authorities for new cash. A nthony M. Solomon, President.
@FedFRASER