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F E D E R A L R E S E R V E BA N K O F NEW YORK Fiscal A gent o f the United States r Circular No. 5 8 2 9 "1 L June 28, 1966 J RESULTS OF B ID D IN G FO R 91-DAY AN D 182-DAY T R E A S U R Y BILLS TO BE ISSUED JUNE 30, 1966 To A ll Incorporated B anks and T ru st Companies, and Others Concerned, in the Second F ederal Reserve D istr ict: A t the time of printing our Circular No. 5827, dated June 27, 1966, announcing an offering of 91-day and 182-day Treasury bills, to be issued July 7, 1966, the results of bidding for the previous week’s offering of 91-day and 182-day Treasury bills, to be issued June 30, 1966, were not available. The results, now available, are: Range o f A ccepted Competitive Bids 91-Day Treasury Bills Maturing September 29, 1966 A p prox. equiv. annual rate Price H i g h ........................ ........................ L ow ........................ ........................ Average ................. ........................ 182-Day Treasury Bills Maturing December 29, 1966 98.887a 98.874 98.879 4.403% 4.455% 4.435% ! a E xcep tin g one tender of $500,000. A p prox. equiv. annual rate Price 97.686b 97.639 97.669 4.577% 4.670% 4.610% ! b E xcep tin g tw o tenders totaling $115,000. 1 T h ese rates are on a bank discount basis. 4.79 percent for the 182-day bills. T h e equivalent coupon issue yields are 4.55 percent for the 91-day bills, am (94 percent of the amount of 91-day bills bid for at the low price was accepted.) (33 percent of the amount of 182-day bills bid for at the low price was accepted.) Total Tenders A p p lied fo r and A ccepted (B y Federal Reserve Districts) 91-Day Treasury Bills 182-Day Treasury Bills Maturing September 29, 1966 Maturing December 29, 1966 Applied for District B o s t o n ................... ................... New Y ork ........... ................... Philadelphia ......... ................... Cleveland ............. ................... Richmond ............... ................... Atlanta ................... ................... C h ic a g o ................... ................... St. L o u i s ................. ................... Minneapolis .............................. Kansas City .............................. Dallas ..................... ................... ................... San Francisco T otal ........... ................... $ 51,239,000 1,510,896,000 30,612,000 40,676,000 19,338,000 53,867,000 357,868,000 38,678,000 21,323,000 23,348,000 27,701,000 126,608,000 $2,302,154,000 Applied for Accepted $ 25,939,000 892,993,000 13,612,000 34,251,000 19,338,000 30,563,000 131,662,000 29,291,000 11,263,000 22,963,000 14,141,000 74,260,000 $1,300,276,000° $ Accepted 11,090,000 1,012,541,000 11,897,000 37,345,000 4,893,000 40,510,000 262,909,000 27,255,000 9,750,000 30,095,000 12,146,000 75,098,000 $ $1,535,529,000 11,090,000 597,541,000 3,897,000 37,345,000 4,893,000 35,360,000 167,909,000 24,915,000 9,750,000 30,095,000 12,146,000 65,098,000 $1,000,039,000^ c Includes $247,259,000 noncom petitive tenders accepted at the average price of 98.879. d Includes $134,060,000 noncom petitive tenders accepted at the average price o f 97.669. A lfred H ayes , President.
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