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fREASURY NEWS apartm ent of the Treasury • W ashington, o.C. • Telephone 566-2041 Auct i o n date: December 23, 1981 RESULTS OF TREASURY’S 52-WEEK BILL AUCTION Tenders for $5,251 million of 52-week bills to be issued December 31, 1981, and to mature December 30, 1982, were accepted today. The details are as follows: RANGE OF ACCEPTED COMPETITIVE BIDS: High Low Average - Price Discount Rate 87.462 87.311 87.360 12.400% 12.550% 12.501% Investment Rate (Equivalent Coupon-issue Yield) 1/ 13.89% 14.08% 14.02% Tenders at the low price were allotted 96%. TENDERS RECEIVED AND ACCEPTED (In Thousands) Location Boston New York. Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Treasury TOTALS Type Competitive Noncompetitive Subtotal, Public Federal Reserve Foreign Official Institutions TOTALS Received Accepted $ 39,385 8,347,060 27,075 22,505 21,260 7,800 484,225 34,650 2,355 7,980 2,880 547,130 26,935 $ 24,385 4,712,380 17,075 20,505 17,560 7,800 285,285 30,650 2,355 7,980 2,880 95,130 26,935 $9,571,240 $5,250,920 $7,850,135 161,065 $8,011,200 $3,529,815 161,065 $3,690,880 1,200,000 1,200,000 360,040 360,040 $9,571,240 $5,250,920 1/ The average annual investment yield is 14.51%. This requires an annual investment yield on All-Savers Certificates of 10.16%. Federal Reserve Bank of New York [Ref. Cir. No. 9217a] 12/30/81
@FedFRASER