7/17/2019 nycirc_1980_08964.pdf http://slidepdf.com/reader/full/nycirc198008964pdf 1/3 FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States OFFERING OF TWO SERIES OF TREASURY BILLS r Circular No. 89641 L December 3, 1980 J $4,000,000,000 of 91-Day Bills, To Be Issued December 11, 1980, Di^e March 12, 1981 $4,000,000,000 of 182-Day Bills, To Be Issued December 11, 1980, Due June 11, 1981 To All Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: Following is the text of a notice issued by the Treasury Department: The Department of the Treasury, by this public notice, invites tenders for two series of Treasury bills totaling approximately $8,000 m illion, to be issued Decem ber 11, 1980. This offering will provide $1,350 million of new cash for the Treasury as the maturing bills are outstan ding in the am ount of $6,642 million, includ ing $1,399 million currently held by Federal Reserve Banks as agents for foreign and international monetary authorities, and $1,756 mil lion currently held by Federal Reserve Banks for their own account. The two series offered are as follows: 91-day bills (to maturity date) for approximately $4,000 million, representing an additional amount of bills dated Septem ber 11, 1980, and to mature M arc h 12, 1 9 81 ■ (CU SIP No. 912793 6J0), currently outstanding in the am ount of $3,853 million, the additional and original bills to be freely interchangeable. 182-day bills for approximately $4,000 million to be dated De cem ber 11, 1980, and to mature June 11,1981 (C U S IP No. 912793 6U5). Both series of bills will be issued for cash and in exchange for Treasury bills maturing December 11, 1980. Tenders from Federal Reserve Banks for themselves and as agents of foreign and inter national monetary authorities will be accepted at the weighted average prices of accepted competitive tenders. Additional amounts of the bills may be issued to Federal Reserve Banks, as agents of foreign and international monetary authorities, to the extent that the aggregate am ount of tenders for such accounts exceeds the aggregate amount of maturing bills held by them. The bills will be issued on a discount basis under competitive and noncompetitive bidding, and at maturity their par amount will be payable w ithout interest. Both series of bills will be issued entirely in book-entry form in a minimum amount of $10,000 and in any higher $5,000 multiple, on the records either of the Federal Reserve Banks and Branches, or of the Department of the Treasury. Tenders will be received at Federal Reserve Banks and Branches and at the Bureau of the Public Debt, Washington, D.C. 20226, up to 1 :30 p.m., Ea stern S tanda rd time, M ond ay, D ecem ber 8, 1980. Form PD 4632-2 (for 26-week series) or Form PD 4 6 3 2 -3 (for 13-week series) should be used to submit tenders for bills to be maintained on the book-entry records of the Department of the Treasury. Each tender must be for a minimum of $10,000. Tenders over $10,000 must be in multiples of $5,000. In the case of competitive tenders the price offered must be expressed on the basis of 100, with not more than three decimals, e.g., 99.925. Fractions may not be used. Banking institutions and dealers who make primary markets in Government securities and report daily to the Federal Reserve Bank of New Y ork their positions in and borrowings on such securities may subm it tenders for accoun t of customers, if th e names of the customers and the amount for each customer are furnished. Others are only permitted to submit tenders for their own account. Each tender must state the amount of any net long position in the bills being offered if such position is in excess of $200 million. This information should reflect positions held at the close of business on the day prior to the auction. Such positions would in clude bills acquired through “when issued” trading, and futures and forward transactions as well as holdings of outstanding bills with the same maturity date as the new offering, e.g., bills with three months to maturity previously offered as six month bills. Dealers who make primary markets in Government securities and report daily to the Federal Reserve Bank of New Y ork their positions in and borrowings on such securities, when submitting tenders for cus tomers, must submit a separate tender for each customer whose net long position in the bill being offered exceeds $200 million. Payment for the full par amount of the bills applied for must accompany all tenders submitted for bills to be maintained on the book-entry records of th e Department of the Treasury. A cash adjustment will be made on all accepted tenders for the difference between the par paymen t submitted and the actual issue price as determined in the auction. No deposit need accompany tenders from incorpofated banks and trust companies and from responsible and recognized dealers in investment securities for bills to be maintained on the book-entry records of Federal Reserve Banks and Branches. Public announcement will be made by the Departm ent of the Treasury of the amount and price range of accepted bids. Competi tive bidders will be advised of the acceptance or rejection of their tenders. The Secretary of the Treasury expressly reserves the right to accept or reject any or all tenders, in whole or in part, and the Secretary’s action shall be final. Su bject to these reservations, noncompetitive tenders for each issue for $500,000 or less without stated price from any one bidd er will be accepted in full at the weighted average price (in three decimals) of accepted competitive bids for the respective issues. Settlement for accepted tenders for bills to be maintained on the book-entry records of Federal Reserve Banks and Branches must be made or completed at the Federal Reserve Bank or Branch on D ecem ber 11, 1980, in cash or other imm ediately available funds or in Treasury bills maturing December 11, 1980. Cash adjustments will be made for differences between the par value of the maturing bills accepted in exchange and the issue price of the new bills. Under Sections 454(b) and 1221(5) of the Internal Revenue Code of 1954 the amount of discount at which these bills are sold is considered to accrue when the bills are sold, redeemed or other wise disposed of, and the bills are excluded from consideration as capital assets. Accordingly, the owner of these bills (other than life insurance companies) must include in his or her Federal in come tax return, as ordinary gain or loss, the difference between the price paid for the bills, whether on original issue or on sub sequent purchase, and the amount actually received either upon sale or redemption at maturity during the taxable year for which the return is made. Department of the Treasury Circulars, Public Debt Series—Nos. 26-76 and 27-76, and this notice, prescribe the terms of these Trea sury bills and govern the conditions of their issue. Copies of the circulars and tender forms may be obtained from any Federal Re serve Bank or Branch, or from the Bureau of the Public Debt. This Bank will receive tenders for both series up to 1 :30 p.m., Eastern Standard time, Monday, December 8 , 1980, at the Securities Department of its Head Office and at its Buffalo Branch. Tender forms for both series are enclosed. Please use the appropriate forms to submit tenders and return them in the enclosed envelope marked “Ten- der for Treasury Bills.” Forms for submitting tenders directly to the Treasury are available from the Government Bond Division of this Bank. Tenders not requiring a deposit may be submitted by telegraph, subject to written confirmation; no tenders may be submitted by telephone. Paym ent for Treasury b il ls cannot be made by credit through the Treasury Tax and Loan Account. Settlement must be made in cash or other immediately available funds or in Treasury securities maturing on or before the issue date. Results of the last weekly offering of Treasury bills are shown on the reverse side of this circular. ( o v e r ) A nthony M. S olomon , President.
nycirc_1980_08964.pdf
Jan 07, 2016
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
7/17/2019 nycirc_1980_08964.pdf
http://slidepdf.com/reader/full/nycirc198008964pdf 1/3
F ED ER AL R ESERVE B AN K OF N EW YOR K
Fiscal Agent of the United States
OFFERING OF TWO SERIES OF TREASURY BILLS
r Circular No. 8 9 6 4 1L December 3, 1980 J
$4,000,000,000 of 91-Day Bills, To Be Issued December 11, 1980, Di^e March 12, 1981$4,000,000,000 of 182-Day Bills, To Be Issued December 11, 1980, Due June 11, 1981
To A ll Incorporated Banks and Trus t Companies, and Others Concerned, in the Second Federal Reserve District:
Following is the text of a notice issued by the Treasury Department:
T h e D e p a r t m e n t o f t h e T r e a s u r y , b y t h is p u b l i c n o t ic e , in v i te s
t e n d e rs f o r t w o s e r ie s o f T r e a s u r y b i ll s t o ta l i n g a p p r o x i m a t e l y
$ 8 , 0 0 0 m i l li o n , t o be i s s u e d D e c e m b e r 1 1, 1 98 0 . T h i s o f f e r i n g w i l l
p r o v i d e $ 1 , 3 50 m i l l io n o f n e w c a s h f o r t h e T r e a s u r y a s t h e m a t u r i n g
b i l ls a r e o u t s t a n d i n g i n t h e a m o u n t o f $ 6 , 6 4 2 m i l l io n , i n c l u d i n g
$ 1 ,3 9 9 m i l li o n c u r r e n t l y h e l d b y F e d e r a l R e s e r v e B a n k s a s a g e n t s
f o r f o r e i g n a n d i n t e r n a t i on a l m o n e t a r y a u t h o r i ti e s , a n d $ 1 ,7 5 6 m i l
l io n c u r r e n t l y h e l d b y F e d e r a l R e s e r v e B a n k s f o r t h e i r o w n a c c o u n t .
T h e t w o s e r ie s o f f e re d a r e a s fo l l o w s :
9 1 - d a y b i ll s ( t o m a t u r i t y d a t e ) f o r a p p r o x i m a t e l y $ 4 ,0 0 0
m i l li o n , r e p r e s e n t i n g a n a d d i t io n a l a m o u n t o f b i l ls d a t e d
S e p t e m b e r 1 1 , 1 9 8 0 , a n d t o m a t u r e M a r c h 1 2 , 1 9 81
■ ( C U S I P N o . 9 1 2 79 3 6 J 0 ) , c u r r e n t ly o u t s ta n d i n g in t he
a m o u n t o f $ 3 , 8 5 3 m i l l io n , t h e a d d i t i o n a l a n d o r i g i n a lb i l l s t o b e f r e e l y i n t e r c h a n g e a b l e .
1 8 2 - d a y b i ll s f o r a p p r o x i m a t e l y $ 4 ,0 0 0 m i l l io n t o b e d a t e d
D e c e m b e r 1 1 , 1 9 80 , a n d t o m a t u r e J u n e 1 1 ,1 9 8 1 ( C U S I P
N o . 91 2 79 3 6 U 5 ) .
B o t h s e r ie s o f b i l ls w i ll b e i s su e d f o r c a s h a n d i n e x c h a n g e f o r
T r e a s u r y b i l ls m a t u r i n g D e c e m b e r 1 1 , 1 98 0 . T e n d e r s f r o m F e d e r a l
R e s e r v e B a n k s f o r t h e m s e lv e s a n d a s a g e n t s o f f o r e i g n a n d i n t e r
n a t i o n a l m o n e t a r y a u t h o r i t ie s w i ll b e a c c e p t e d a t t h e w e i g h t e d
a v e r a g e p r i c e s o f a c c e p t e d co m p e t i ti v e t e n d e rs . A d d i t i o n a l a m o u n t s
o f t h e b il ls m a y b e i s s u ed t o F e d e r a l R e s e r v e B a n k s , a s a g e n t s o f
f o r e i g n a n d i n t e r n a t i o n a l m o n e t a r y a u t h o r i t i e s , t o th e e x t e n t t h a t
t h e a g g r e g a t e a m o u n t o f t e n d e r s f o r s u c h a c c o u n t s e x c e e d s t h e
a g g r e g a t e a m o u n t o f m a t u r i n g b il ls h e l d b y t h em .
T h e b i l ls w i ll b e i s s u e d o n a d i s c o u n t b a s i s u n d e r c o m p e t i t iv e a n d
n o n c o m p e t i ti v e b i d d in g , a n d a t m a t u r i ty t h e i r p a r a m o u n t w i l l b e
p a y a b l e w i t h o u t i n t e r e s t . B o t h s e r i e s o f b il l s w i l l b e i s s u e d e n t i r e l y
i n b o o k - e n t r y f o r m i n a m i n i m u m a m o u n t o f $ 10 , 00 0 a n d i n a n yh i g h e r $ 5 , 0 0 0 m u l t i p le , o n t h e r e c o r d s e i th e r o f t h e F e d e r a l R e s e r v e
B a n k s a n d B r a n c h e s , o r o f th e D e p a r t m e n t o f t h e T r e a s u r y .
T e n d e r s w i l l b e r e c e i v e d a t F e d e r a l R e s e r v e B a n k s a n d B r a n c h e s
a n d a t t h e B u r e a u o f t h e P u b l i c D e b t , W a s h i n g t o n , D . C . 2 02 2 6 , u p
t o 1 : 3 0 p . m . , E a s t e r n S t a n d a r d t i m e , M o n d a y , D e c e m b e r 8 , 1 9 80 .
F o rm P D 4632-2 ( f o r 2 6 - w e e k se r i es ) o r F o r m P D 4 6 3 2 -3
( f o r 1 3 - w e e k s e r i e s ) s h o u l d b e u s e d t o s u b m i t te n d e r s f o r b i l ls t o
b e m a i n t a i n e d o n t h e b o o k - e n t r y r e c o r d s o f t h e D e p a r t m e n t o f t he
T r e a s u r y .
E a c h t e n d e r m u s t b e f o r a m i n im u m o f $ 1 0 ,0 0 0 . T e n d e r s o v e r
$ 1 0 , 0 0 0 m u s t b e i n m u l t i p l e s o f $ 5 , 0 00 . I n t h e c a s e o f c o m p e t i t i v e
t e n d e r s t h e p r i c e o f f e r e d m u s t b e e x p r e s s e d o n t h e b a s is o f 1 0 0 ,
w i t h n o t m o r e t h a n t h r e e d e c i m a l s , e .g . , 9 9 . 9 25 . F r a c t i o n s m a y n o t
b e use d .
B a n k i n g i n s ti t u ti o n s a n d d e a l e r s w h o m a k e p r i m a r y m a r k e t s in
G o v e r n m e n t s e c u r it i es a n d r e p o r t d a i ly t o t he F e d e r a l R e s e r v e
B a n k o f N e w Y o r k t h e i r p o s it io n s in a n d b o r r o w i n g s o n s u ch
s e c u r it i es m a y s u b m i t t en d e r s f o r a c c o u n t o f c u s t o m e r s , i f th en a m e s o f th e c u s t o m e r s a n d t he a m o u n t f o r e a c h c u s t o m e r a r e
f u r n i sh e d . O t h e r s a r e o n l y p e r m i t t e d t o s u b m i t te n d e r s f o r t h e i r
o w n a c c o u n t . E a c h t e n d e r m u s t s ta t e t h e a m o u n t o f a n y n e t l o n g
p o s i t i o n i n t h e b i l l s b e i n g o f f e r e d i f s u c h p o s i t i o n i s i n e x c e s s o f $ 2 0 0
m i ll io n . T h i s i n f o r m a t i o n s h o u l d r e f le c t p o s i ti o n s h e l d a t th e c l o s e o f
b u s i n e ss o n t h e d a y p r i o r t o t h e a u c t i o n . S u c h p o s i t io n s w o u l d i n
c l u d e b il ls a c q u i r e d th r o u g h “ w h e n i s s u e d ” t r a d i n g , a n d fu t u r e s a n d
f o r w a r d t r a n s a c t i o n s a s w e l l a s h o ld i n g s o f o u t s t a n d i n g b i ll s w i t h
t h e s a m e m a t u r i t y d a t e a s th e n e w o f f e r i n g , e . g ., b i l l s w i t h t h r e e
m o n t h s t o m a t u r i ty p r e v i o u s l y o f f e r e d a s s i x m o n t h b i ll s . D e a l e r s
w h o m a k e p r i m a r y m a r k e t s i n G o v e r n m e n t s e c u r it i es a n d r e p o r t
d a i l y t o t h e F e d e r a l R e s e r v e B a n k o f N e w Y o r k t h e ir p o s i ti o n s in
a n d b o r r o w i n g s o n s u c h s e c u r it ie s , w h e n s u b m i t ti n g t e n d e rs f o r c u s
t o m e r s , m u s t s u b m i t a s e p a ra t e t e n d e r f o r e a c h c u s t o m e r w h o s e n e t
l o n g p o s i t i o n in t h e b i l l b e i n g o f f e r e d e x c e e d s $ 2 0 0 m i ll io n .
P a y m e n t f o r t h e f u l l p a r a m o u n t o f t h e b i ll s a p p l ie d f o r m u s t
a c c o m p a n y a l l t e n d e r s s u b m i tt e d fo r b i l ls t o b e m a i n t a i n e d o n t h e
b o o k - e n t r y r e c o r d s o f th e D e p a r t m e n t o f t he T r e a s u r y . A c a s ha d j u s t m e n t w i l l b e m a d e o n a l l a c c e p t e d t e n d e r s f o r t h e d i f fe r e n c e
b e t w e e n t h e p a r p a y m e n t s u b m i t t e d a n d t h e a c t u a l i s s u e p r i c e a s
d e t e r m i n e d i n th e a u c t i o n .
N o d e p o s it n ee d a c c o m p a n y t e n de r s fr o m i n c o r p o f a te d b a n k s
a n d t ru s t c o m p a n i e s a n d f r o m r e s p o n s i b l e a n d r e c o g n i z e d d e a l e r s
i n i n v e s t m e n t s e c u r i ti e s f o r b i l ls t o b e m a i n t a i n e d o n t h e b o o k - e n t r y
r e c o r d s o f F e d e r a l R e s e r v e B a n k s a n d B r a n c h e s .
P u b l i c a n n o u n c e m e n t w i l l b e m a d e b y t h e D e p a r t m e n t o f t h e
T r e a s u r y o f t h e a m o u n t a n d p r i c e r a n g e o f a c c e p t e d b id s . C o m p e t i
t iv e b i d d e r s w i l l b e a d v i s e d o f th e a c c e p t a n c e o r r e j e c t i o n o f t h e ir
t e n d e rs . T h e S e c r e t a r y o f th e T r e a s u r y e x p r e s s l y r e s e r v e s t h e r i g h t
t o a c c e p t o r r e j e c t a n y o r a l l t e n d e r s , in w h o l e o r i n p a r t , a n d t h e
S e c r e t a r y ’ s a c t i o n s h a l l b e f in a l . S u b j e c t t o th e s e r e s e r v a t i o n s ,
n o n c o m p e t i t iv e t e n d e r s f o r e a c h i ss u e f o r $ 5 0 0 ,0 0 0 o r l e s s w i t h o u t
s t a t e d p r i c e f r o m a n y o n e b i d d e r w i l l b e a c c e p t e d i n f u l l a t t h e
w e i g h t e d a v e r a g e p r i ce ( i n th r e e d e c i m a l s ) o f a c c e p t e d c o m p e t i t iv e
b i d s f o r t h e r e s p e c t i v e i s s u e s .
S e t t le m e n t f o r a c c e p t e d t e n d e r s f o r b i ll s t o b e m a i n t a i n e d o n t h eb o o k - e n t r y r e c o r d s o f F e d e r a l R e s e r v e B a n k s a n d B r a n c h e s m u s t
b e m a d e o r c o m p l et e d a t t h e F e d e r a l R e s e r v e B a n k o r B r a n c h o n
D e c e m b e r 1 1 , 19 8 0 , i n c a s h o r o t h e r i m m e d i a t e l y a v a i l a b l e f u n d s o r
i n T r e a s u r y b i ll s m a t u r i n g D e c e m b e r 1 1, 1 9 80 . C a s h a d j u s tm e n t s
w i l l be m a d e f o r d i f fe r e n c e s b e t w e e n t h e p a r v a lu e o f t h e m a t u r i n g
b i l ls a c c e p t e d i n e x c h a n g e a n d t h e is s u e p r i c e o f t h e n e w b i l l s .
U n d e r S e c ti o n s 4 5 4 ( b ) a n d 1 2 2 1 ( 5 ) o f th e I n te r n a l R e v e n u e
C o d e o f 1 9 5 4 t h e a m o u n t o f d i s c o u n t a t w h i c h t h e s e b il ls a r e s o l d
i s co n s i d e r e d t o a c c r u e w h e n t h e b i ll s a re s o l d , r e d e em e d o r o t h e r
w i s e d i s p o s e d o f, a n d th e b i ll s a r e e x c l u d e d f r o m c o n s i d e r a t i o n a s
c a p i t a l a s s et s . A c c o r d i n g l y , th e o w n e r o f t h e se b i ll s ( o t h e r t h a n
l if e in s u r a n c e c o m p a n i e s ) m u s t i n c l u d e in h is o r h e r F e d e r a l i n
c o m e t a x r e t u r n , a s o r d i n a r y g a i n o r l o ss , t h e d if f e r e n c e b e t w e e n
t h e p r i c e p a i d fo r t h e b i l ls , w h e t h e r o n o r i g i n a l i s s u e o r o n s u b
s e q u e n t p u r c h a s e , a n d t h e a m o u n t a c t u a l l y r e c e i v e d e i t h e r u p o n s a l e
o r r e d e m p t i o n a t m a t u r i t y d u r i n g t h e t a x a b l e y e a r f o r w h i c h t h e
r e t u r n i s m a d e .
D e p a r t m e n t o f t he T r e a s u r y C i r cu l a r s , P u b l ic D e b t S e r ie s — N o s .2 6 - 7 6 a n d 2 7 -7 6 , a n d t h is n o t i c e , p r e s c r ib e t h e t e r m s o f t h e s e T r e a
s u r y b i l ls a n d g o v e r n t h e c o n d i t i o n s o f t h e ir i s su e . C o p i e s o f t h e
c i r c u l a r s a n d te n d e r fo r m s m a y b e o b t a in e d fr o m a n y F e d e r a l R e
s e r v e B a n k o r B r a n c h , o r f r o m t h e B u r e a u o f th e P u b l i c D e b t .
Th is B ank w ill receive tenders for both ser ies up to 1 :30 p.m., Ea stern Stan dard t ime, M onday, December 8 ,
1980, at the Secu rities Dep artm ent of its Head Office and at its Buffalo Branc h. Ten de r form s for both series
are enclosed. Please use the appropriate forms to submit tenders and return them in the enclosed envelope marked “Ten-
der for Trea sury B il ls .” Fo rm s for subm itting tenders directly to the T reasu ry are available f rom the G overnm ent
Bond Division of this Bank. Tenders not requir ing a deposit m ay be subm itted by telegraph, subject to writ ten
confirmation; no tende rs may be submitted by telephone. P a y m e n t f o r T r e a s u r y b il ls c a n n o t b e m a d e b y c r e d i t
t h r o u g h t h e T r e a s u r y T a x a n d L o a n A c c o u n t . S e t t l e m e n t m u s t b e m a d e in ca s h o r o t h e r im m e d i a t el y a v a il a b le f u n d s
o r i n T r e a s u r y s e c u r i t i e s m a t u r in g o n o r b e f o r e t h e is s u e d a t e .
Res ults of the last weekly offering of T rea su ry bills a re show n on the reverse side of this circular.
( o v e r )
A n t h o n y M. So l o mo n , President.
7/17/2019 nycirc_1980_08964.pdf
http://slidepdf.com/reader/full/nycirc198008964pdf 2/3
RESULTS OF LAST WEEKLY OFFERING OF TREASURY BILLS
(TWO SERIES TO BE ISSUED DECEMBER 4, 1980)
Range of Accepted Competitive Bids
9 1 - D a y T r e a s u r y B i ll s 182- D a y T r e a s u r y B il ls
M a t u r in g M a r c h 5 , 1981 M a t u r i n g J u n e 4 , 1981
Price Discount
Rate Investment
Rate1 Price Discount
Rate Investment
Rate1
H ig h ................................... ................... 96.314a 14.582% 15.35% 92.695 1 4.449% 15.80%
L o w .................................... .................... 96.284 14.701% 15.48% 92.623 14.592% 15.97%
A v e ra g e ............................ .................... 96.297 14.649% 15.42% 92.642 14.554% 15.93%
1 E q u i v a l en t c o u p o n - i s s u e y i e ld .
a E x c e p t i n g t h r e e t e n d e r s t o t a l i n g $ 1 , 5 3 5 ,0 0 0 .
(91 percent of the amount of 91-day bills ( 7 7 percent of the amount of 182-day bills
bid fo r a t th e low price was acc ep te d.) bid fo r a t th e low price was ac cep te d.)
Total Tenders Received and Accepted
9 1 - D a y T r e a s u r y B i ll s 182 - D a y T r e a s u r y B i ll s
M a t u r in g M a r c h 5, 1981 M a t u r i n g J u n e 4 , 1981
By F.R. District (and U.S. Treasury) Received Accepted Received Accepted
B o s to n ............................................... $ 97,800,000 $ 5 7,8 00 ,0 00 $ 7 9,2 95 ,0 00 $ 39,295,000
N ew Y o r k ........................................ 5,588,985,000 3,227,420,000 5,743,185,000 3,232,185,000
P h il a d e lp h ia .................................... 31,130,000 31,130,000 22,015,000 20,015,000
C le v e la n d ......................................... 49,680,000 49,465,000 105,470,000 95,470,000
R ic h m o n d ........................................ 51,275,000 40,255,000 41,050,000 34,450,000
A tl a n ta .............................................. 50,435,000 50,435,000 47,575,000 36,560,000
C h ic ag o ............................................. 393,150,000 183,150,000 561,585,000 187,055,000
St. L ou is..........................................
23,635,000 22,635,000 18,590,000 17,590,000M innea polis .................................... 6,825,000 6,825,000 7,255,000 7,255,000
Kan sas C i ty .................................... 49,415,000 49,370,000 65,705,000 45,300,000
D allas ................................................ 18,725,000 18,725,000 15,240,000 15,240,000
Sa n F r a nc i sc o ................................ 497,520,000 150,020,000 412,130,000 175,030,000
U.S. T rea su ry ............................... 112,985,000 112,985,000 94,630,000 94,630,000
T o t a l s ................................... $6,971,560,000 $4,000,215,000 $7,213,725,000 $4,000,075,000
By class of bidder
Public
Compet i t ive ............................... $4,419,370,000 $1,448,025,000 $ 4,9 55 ,9 30 ,0 00 $ 1,7 42 ,2 80 ,0 00
N o ncom peti ti ve .................... 786,705,000 786,705,000 603,995,000 603,995,000
S u b t o t a l s ................................ $5,206,075,000 $2,234,730,000 $5,559,925,000 $2,346,275,000Federa l R eserv e ......................... 899,285,000 899,285,000 1,100 ,000,000 1,100 ,000,000
Foreign Off icial Inst i tu t ion s ..... 86 6 ,200,000 86 6,200,000 553,800,000 553,800,000
T o t a l s ......................................... $6,971,560,000 $ 4,0 00 ,2 15 ,0 00 $ 7,2 13 ,7 25 ,0 00 $4,000,075,000
An additional $512,700,000 of 13-week bills and an additional $314,600,000 of 26-week bills will be issued toforeign official institutions for new cash.
7/17/2019 nycirc_1980_08964.pdf
http://slidepdf.com/reader/full/nycirc198008964pdf 3/3
December 3, 1980
TREASURY ANNOUNCES AMENDED
RESULTS OF AUCTION OF 26-WEEK
BILLS ISSUED NOVEMBER 28, 1980
The following statement has been issued by the Treasury
Department affecting the results of the auction that were provided
in our Circular No. 8961, dated November 26, 1980t
The announcement of results for the 26-week bill auction
of Monday, November 24, understated the amount accepted by $201
million. As a result of correcting this understatement, the
total amount of competitive tenders from the public is changed
from $1,255 million to $1,456 million, and the total amount
accepted is changed from $4,001 million to $4,202 million. All
other particulars in the announcement remain the same.
FEDERAL RESERVE BANK OF NEW YORK
Related Documents
