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FEDERAL RESERVE BANK OF NEW YORK
Fiscal Agent of the United States
Circular No. 9137
September 2, 1981

Results of Bidding for 91-Day and 182-Day Treasury Bills
(To Be Issued September 3, 1981)
To A ll Incorporated Banks and Trust Companies, and Others
Concerned, in the Second Federal Reserve District:

T he results o f bidding for the offering o f 91-day and 182-day T reasury bills to be issued Septem ­
ber 3, 1981, have been released by the T reasury D epartm ent. These results are show n below:
Range of Accepted Competitive Bids
91-Day Treasury Bills
Maturing December 3, 1981

H i g h ............. .......
Low ............. .......
Average.......... .......

Price

Discount
Rate

Investment
Rate'

96.077
96.049
96.061

15.520%
15.630%
15.583%

16.38%
16.50%
16.45%

182-Day Treasury Bills
Maturing March 4, 1982
Discount
Rate

Investment
Rate'

15.609%
15.666%
15.646%

17.18%
17.25%
17.23%

Price

92.109a
92.080
92.090

'Equivalent coupon-issue yield.
E xcepting three tenders totaling $1,645,000.

(11 percent of the amount of 91-day bills
bid for at the low price was accepted.)

(56 percent of the amount of 182-day bills
bid for at the low price was accepted.)

Total Tenders Received and Accepted
91-Day Treasury Bills
Maturing December 3, 1981
By F.R. District (and U.S. Treasury)

Received

B oston.......................................
New Y o r k ................................
Philadelphia............................
Cleveland ................................
R ichm ond................................
A tla n ta .....................................
C hicago.....................................
St. L o u is ...................................
M inneapolis.............................
Kansas C ity ...............................
Dallas .......................................
San Francisco...........................

$ 38,025,000
6,359,145,000
52,355,000
38,535,000
85,080,000
49,775,000
855,155,000
38,050,000
8,870,000
42,600,000
26,860,000
665,530,000

U.S. T reasury...........................
T o t a l s .................................

182-Day Treasury Bills
Maturing March 4, 1982

Accepted

Received

Accepted

38,025,000
3,634,425,000
30,275,000
38,535,000
45,080,000
48,220,000
152,400,000
31,550,000
8,870,000
39,695,000
21,860,000
206,105,000

$ 64,705,000
6,738,040,000
88,995,000
85,780,000
64,690,000
55,135,000
590,865,000
46,060,000
14,575,000
56,625,000
25,475,000
758,215,000

205,425,000

205,425,000

184,555,000

184,555,000

$8,465,405,000

$4,500,465,000

$8,773,715,000

$4,503,960,000

$6,268,860,000
855,060,000

$2,553,920,000
855,060,000

$6,252,835,000
1,014,280,000

$2,233,080,000
1,014,280,000

$7,123,920,000
1,218,985,000
122,500,000

$3,408,980,000
968,985,000
122,500,000

$7,267,115,000
950,000,000
556,600,000

$3,247,360,000
700,000,000
556,600,000

$8,465,405,000

$4,500,465,000

$8,773,715,000

$4,503,960,000

$

$

64,705,000
3,300,575,000
37,495,000
65,780,000
57,040,000
54,235,000
150,865,000
38,060,000
14,075,000
52,385,000
20,475,000
463,715,000

By class o f bidder

Public
C o m p etitiv e....................
N oncom petitive..............
S u b t o t a l s ..........................

Federal R e se rv e ......................
Foreign Official Institutions . .
T o t a l s .................................




ANTHONY

M.

So

l o m o n

,

President.