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FEDERAL RESERVE BAWK
OF WEW YORK
Fiscal Agent of the United States
Circular N o. 9776
December 21, 1984

Results off Bidding ffor 91-Bay and 182-Oay Treasury Bills
(To Be Issued December 20, 1984)
T o A l l B a n k in g In s titu tio n s , a n d O th e r s 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 results o f b idding for the o fferin g o f 9 1 -day and 182-day Treasury bills to be issued D ecem b er 20,
1984, have b een released b y th e Treasury D epartm ent. T hese results are sh ow n below :
Mange o f A ccepted C om petitive Bids

182-Day Treasury Bills
Maturing June 20, 1985

91-Day Treasury Bills
Maturing March 21, 1985

L ow r a t e ...........................................
H igh r a t e ........................................
A verage rate .................................

D is c o u n t

I n v e s tm e n t

R a te

R a te ]

P r ic e

D is c o u n t

7.95%
7.99%
7.97%

8.23%
8.27%
8.25%

9 7 .990
97.980
97.985

I n v e s tm e n t

R a te

8.13%
8.16%
8.15%

R a te 1

P ric e

8.60%
8.63%
8.62%

9 5 .890
95.875
9 5 .880

‘Equivalent coupon-issue yield.
(29 percent o f the am ou n t o f 91-day bills bid
for at the high d iscou n t rate was accepted.)

(25 percent o f the am ount o f 182-day bills bid
for at the high discount rate was accepted.)

T otal Tenders R eceived and A ccepted

91-Day Treasury Bills
Maturing March 21, 1985
R e c e iv e d

B y F .R . D is tr ic t (a n d U .S . T rea su ry)

B o s t o n .............................................
N ew Y o r k ...........*..........................
P h ila d e lp h ia .................................
C leveland ......................................
R ic h m o n d ......................................
A t l a n t a ...........................................
C h ic a g o ...........................................
St. L o u i s ........................................
M in n e a p o lis .................................
K ansas C it y ....................................
D allas .............................................
San F r a n c is c o ...............................

$

381,230,000
16,848,605,000
2 5 ,5 00 ,0 0 0
131,095,000
4 7 ,9 7 0 ,0 0 0
4 4 ,9 4 0 ,0 0 0
1,199,380 ,0 0 0
53,850 ,0 0 0
3 7 ,0 05 ,0 0 0
84,965 ,0 0 0
3 2 ,170 ,0 0 0
908,910 ,0 0 0

182-Day Treasury Bills
Maturing June 20, 1985

A c c e p te d

$

3 1 ,2 3 0 ,0 0 0
5 ,7 3 8 ,9 4 5 ,0 0 0
2 5 ,5 0 0 ,0 0 0
111,030,000
4 7 ,9 7 0 ,0 0 0
3 9 ,9 4 0 ,0 0 0
103,830,000
33,5 7 0 ,0 0 0
18,545,000
55,0 4 5 ,0 0 0
3 2 ,1 7 0 ,0 0 0
306,7 4 0 ,0 0 0

R e c e iv e d

$

37 7 ,4 7 0 ,0 0 0
15,67 2 ,8 0 0 ,0 0 0
14,885,000
8 8 ,1 1 5 ,0 0 0
5 3 ,9 9 5 ,0 0 0
3 1 ,3 1 0 ,0 0 0
1,07 7 ,2 8 0 ,0 0 0
7 0 ,2 5 0 ,0 0 0
2 9 ,4 3 5 ,0 0 0
4 4 ,9 3 5 ,0 0 0
2 6 ,2 1 5 ,0 0 0
8 8 9 ,1 9 5 ,0 0 0

A c c e p te d

$

2 7 ,4 7 0 ,0 0 0
5 ,6 5 0 ,0 5 0 ,0 0 0
14,885,000
6 3 ,1 1 5 ,0 0 0
3 5 ,2 4 5 ,0 0 0
2 5 ,1 8 5 ,0 0 0
2 5 6 ,2 8 0 ,0 0 0
4 2 ,7 5 0 ,0 0 0
2 8 ,4 3 5 ,0 0 0
4 3 ,9 3 5 ,0 0 0
2 6 ,2 1 5 ,0 0 0
3 2 0 ,9 4 5 ,0 0 0

U .S . T r e a su r y ...............................

258,205 ,0 0 0

25 8 ,2 0 5 ,0 0 0

2 7 1 ,4 3 5 ,0 0 0

2 7 1 ,4 3 5 ,0 0 0

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

$ 2 0 ,0 53,825 ,0 0 0

$ 6 ,8 0 2 ,7 2 0 ,0 0 0

$ 1 8 ,6 4 7 ,3 2 0 ,0 0 0

$ 6 ,8 0 5 ,9 4 5 ,0 0 0

P ublic
C o m p e t it iv e ........................
N o n c o m p e titiv e .................

$ 1 6 ,7 82,730 ,0 0 0
1,041,235 ,0 0 0

$ 3 ,5 3 1 ,6 2 5 ,0 0 0
1,041,235,000

$ 1 5 ,3 5 8 ,1 4 0 ,0 0 0
7 5 5 ,1 8 5 ,0 0 0

$ 3 ,5 1 6 ,7 6 5 ,0 0 0
755 ,1 8 5 ,0 0 0

Subtotals ...................
Federal R e s e r v e ..........................
Foreign O fficial Institutions . .

$ 1 7 ,8 23,965 ,0 0 0
1,740,055 ,0 0 0
48 9 ,8 0 5 ,0 0 0

$ 4 ,5 7 2 ,8 6 0 ,0 0 0
1 ,7 40,055,000
48 9 ,8 0 5 ,0 0 0

$ 1 6 ,1 1 3 ,3 2 5 ,0 0 0
1 ,7 0 0 ,0 0 0 ,0 0 0
83 3 ,9 9 5 ,0 0 0

$ 4 ,2 7 1 ,9 5 0 ,0 0 0
1 ,7 0 0 ,0 0 0 ,0 0 0
83 3 ,9 9 5 ,0 0 0

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

$20,0 5 3 ,8 2 5 ,0 0 0

$ 6 ,8 0 2 ,7 2 0 ,0 0 0

$ 1 8 ,6 4 7 ,3 2 0 ,0 0 0

$ 6 ,8 0 5 ,9 4 5 ,0 0 0

B y c la s s o f b id d e r

A n addition al $85,795 th ou san d o f 13-week bills and an additional $132,605 thousand o f 26-w eek bills w ill be
issued to foreign o ffic ia l institutions for new cash.




A N T H O N Y M . S O L O M O N , President.