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FEDERAL RESERVE BANK
OF NEW YORK
Fiscal A g en t o f the U n ited States
Circular No. 92991
_ May 26, 1982 _

Results of Bidding for 91-Day and 183-Day Treasury Bills
(To Be Issued May 27, 1982)
T o A l l I n c o r p o r a te d B a n k s a n d T u r u st C o m p a n ie s , a n d O th e rs
C o n c e rn e d , in th e S e c o n d F e d e ra l R e s e r v e D is tr ic t:

T h e r e su lts o f b id d in g fo r th e o f f e r in g o f 9 1 -d a y a n d 1 8 3 -d a y T r e a su r y b ills t o b e iss u e d M a y 2 7 , 1 9 8 2 ,
h a v e b e e n r e le a se d b y th e T r e a su r y D e p a r tm e n t. T h e s e r e su lts are s h o w n b e lo w :

Range of Accepted Competitive Bids
91-Day Treasury Bills
Maturing August 26, 1982

H ig h ........................... ...............
Low ........................... ...............
A verage..................... ...............

183-Day Treasury Bills
Maturing November 26, 1982

D is c o u n t

I n v e s tm e n t

P r ic e

R a te

R a te '

P ric e

97.110
97.089
97.098

11.433%
11.516%
11.480%

11.94%
12.03%
11.99%

94.085
94.047
94.064

D is c o u n t

I n v e s tm e n t

R a te

R a te '

11.636%
11.711%
11.677%2

12.54%
12.63%
12.59%

‘Equivalent coupon-issue yield.
2The four-week average for calculating the maximum interest rate payable on money market certificates is 12.220%.

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

(62 percent of the amount of 183-day bills
bid for at the low price was accepted.)

Total Tenders Received and Accepted
91-Day Treasury Bills
Maturing August 26, 1982
By F.R. District (and U.S. Treasury)
B o sto n ...........................................
New Y o r k ....................................
P h ila d elp h ia ...............................
C le v e la n d ....................................
R ich m o n d ....................................
A t la n t a ........................................
C h ic a g o ........................................
St. L o u is ......................................
M in n e a p o lis...............................
Kansas C ity ..................................
Dallas ..........................................
San F ra n cisco .............................

$

Received
61,085,000
12,553,675,000
38,190,000
57,030,000
38,685,000
54,350,000
1,473,605,000
28,250,000
22,380,000
40,975,000
28,555,000
1,049,255,000

$

183-Day Treasury Bills
Maturing November 26, 1982

Accepted
60,525,000
3,416,870,000
38,190,000
47,030,000
38,685,000
54,350,000
267,045,000
28,250,000
22,380,000
39,200,000
28,555,000
604,255,000

$

Received
79,615,000
10,719,405,000
18,700,000
48,390,000
40,665,000
33,570,000
986,065,000
19,390,000
30,260,000
30,125,000
11,260,000
593,560,000

$

Accepted
64,615,000
3,941,465,000
18,700,000
43,390,000
40,665,000
33,570,000
198,060,000
19,390,000
30,260,000
29,460,000
11,260,000
283,560,000

U .S. T reasu ry.............................

255,505,000

255,505,000

186,150,000

186,150,000

T otals .............................

$15,701,540,000

$4,900,840,000

$12,797,155,000

$4,900,545,000

By class o f bidder
Public
C o m p e titiv e ......................
N o n c o m p e titiv e ................

$13,400,915,000
1,037,235,000

$2,600,215,000
1,037,235,000

$10,477,745,000
664,710,000

$2,581,135,000
664,710,000

S ubtotals ......................
Federal R e s e r v e .........................
Foreign O fficial Institutions . .

$14,438,150,000
978,190,000
285,200,000

$3,637,450,000
978,190,000
285,200,000

$11,142,455,000
950,000,000
704,700,000

$3,245,845,000
950,000,000
704,700,000

T o t a l s .................................

$15,701,540,000

$4,900,840,000

$12,797,155,000

$4,900,545,000




A n tho ny M. So l o m o n ,
President.