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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent o f the United States r Circular No. 5 8 6 3 ^ L August 30, 1966 j RESULTS OF BID D IN G FO R 91-DAY AN D 182-DAY T R E A SU R Y BILLS TO BE ISSUED SE PTEM B ER 1, 1966 To All Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: A t the time o f printing our Circular No. 5862, dated August 29, 1966, announcing an offering o f 91-day and 182-day Treasury bills, to be issued September 8, 1966, the results of bidding for the previous week’s offering o f 91day and 182-day Treasury bills, to be issued September 1, 1966, were not available. The results, now available, are: Range o f A ccepted Com petitive Bids 91-Day Treasury Bills Maturing Decem ber 1, 1966 Price H i g h ................................ Low ................................ Average .......................... 182-Day Treasury Bills Maturing March 2,1967 A pprox. equiv. annual rate 98.726a 98.704 98.714 Price 5.040% 5.127% 5 .08 7% ' A pprox. equiv. annual rate 97.208 97.154 97.186 5.523% 5.629% 5 .566% ' a Excepting one tender of $2,000,000. 1 These rates are on a bank discount basis. The equivalent coupon issue yields are 5.23 percent for the 91-day bills, and 5.81 percent for the 182-day bills. (14 percent of the amount o f 91-day bills bid for at the low price was accepted.) (86 percent o f the amount o f 182-day bills bid for at the low price was accepted.) Total Tenders A pp lied for and A ccepted (B y Federal Reserve Districts) 91-Day Treasury Bills Maturing Decem ber 1, 1966 Applied, for District Boston ............................ New Y ork ..................... Philadelphia................... Cleveland ........................ Richmond ..................... Atlanta ............................ Chicago .......................... St. Louis ....................... M in n ea p olis................... Kansas C i t y ................... Dallas .............................. San F r a n c is c o ............... T o t a l ............................ ......... ........ $ ........ ........ ......... ........ ........ ........ ......... ......... ........ 23,137,000 1,444,868,000 30,562,000 26,247,000 11,178,000 35,043,000 268,666,000 36,526,000 19,011,000 25,650,000 26,180,000 87,387,000 ........ $2,034,455,000 182-Day Treasury Bills Maturing March 2 ,1967 Accepted $ 13,137,000 910,758,000 18,562,000 26,247,000 11,178,000 30,183,000 133,666,000 35,526,000 19,011,000 25,650,000 18,180,000 57,987,000 $1,300,085,000b A pplied for $ 7,388,000 1,320,501,000 13,460,000 24,697,000 4,675,000 25,247,000 261,998,000 21,612,000 12,238,000 12,547,000 13,961,000 90,605,000 $1,808,929,000 b Includes $254,022,000 noncompetitive tenders accepted at the average price of 98.714. c Includes $122,083,000 noncompetitive tenders accepted at the average price of 97.186. Accepted $ 7,388,000 708,581,000 5,460,000 14,697,000 4,675,000 19,247,000 111,998,000 21,612,000 12,238,000 12,547,000 10,961,000 70,605,000 $1,000,009,000c
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