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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Circular No. 9159 October 6, 1981 Results of Bidding for 91-Day and 182-Day Treasury Bills (To Be Issued October 8, 1981) To A ll Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: The results of bidding for the offering of 91-day and 182-day Treasury bills to be issued October 8, 1981, have been released by the Treasury Department. These results are shown below: Range of Accepted Competitive Bids 91-Day Treasury Bills Maturing January 7, 1982 Price H igh........................... ............... Low ........................... ............... Average..................... ............... 96.435a 96.399 96.409 Discount Rate Investment Rate' 14.103% 14.246% 14.206% 14.83% 14.98% 14.94% 182-Day Treasury Bills Maturing April 8, 1982 Price 92.833b 92.800 92.812 Discount Rate Investment Rate' 14.176% 14.242% 14.218% 15.48% 15.56% 15.53% 'Equivalent coupon-issue yield. Excepting one tender of $700,000. bExcepting two tenders totaling $600,000. (89 percent of the amount of 182-day bills bid for at the low price was accepted.) (78 percent of the amount of 91-day bills bid for at the low price was accepted.) Total Tenders Received and Accepted 91-Day Treasury Bills Maturing January 7, 1982 By F.R. District (and U.S. Treasury) Received 182-Day Treasury Bills Maturing April 8, 1982 Accepted Received Accepted Boston.................................... New Y o rk ............................... Philadelphia........................... Cleveland............................... Richmond............................... A tla n ta ................................... Chicago................................... St. L ouis................................. M inneapolis........................... Kansas City............................. Dallas ..................................... San Francisco......................... $ 79,740,000 7,509,610,000 40,050,000 60,115,000 48,295,000 56,985,000 1,101,390,000 33,535,000 18,225,000 58,805,000 31,450,000 811,965,000 $ 62,990,000 3,055,830,000 40,050,000 54,115,000 48,295,000 56,985,000 446,180,000 23,535,000 18,225,000 58,805,000 31,450,000 367,865,000 $ 64,775,000 5,875,040,000 22,760,000 37,755,000 75,910,000 51,095,000 638,650,000 49,100,000 22,005,000 58,290,000 19,900,000 883,985,000 $ 62,025,000 3,041,980,000 22,760,000 37,755,000 65,360,000 50,595,000 199,650,000 41,100,000 22,005,000 52,290,000 19,900,000 602,885,000 U.S. Treasury......................... 238,790,000 238,790,000 282,275,000 282,275,000 T o t a l s ......................................... $10,088,955,000 $4,503,115,000 $8,081,540,000 $4,500,580,000 $7,914,305,000 1,021,790,000 $2,428,465,000 1,021,790,000 $5,653,785,000 915,855,000 $2,172,825,000 915,855,000 Federal Reserve..................... Foreign Official Institutions .. $8,936,095,000 988,960,000 163,900,000 $3,450,255,000 888,960,000 163,900,000 $6,569,640,000 800,000,000 711,900,000 $3,088,680,000 700,000,000 711,900,000 T o t a l s ......................................... $10,088,955,000 $4,503,115,000 $8,081,540,000 $4,500,580,000 By class o f bidder Public Competitive................... Noncompetitive............. S u b t o t a l s ............................... A nthony M. So l o m o n , President.
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