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FEDERAL RESERVE BANK OF N EW YORK Fiscal Agent of the United States r Circular No. 6 2 6 1 “I U December 17, 1968 J RESULTS OF BIDDING FOR 91-DAY AND 182-DAY TREASURY BILLS TO BE ISSUED DECEMBER 19, 1968 To All Incorporated Banlcs and Trust Companies, and Others Concerned, in the Second Federal Reserve District: At the time of printing our Circular No. 6260, dated December 16, 1968, announcing an offering of 91-day and 182-day Treasury bills, to be issued December 26, 1968, the results of bidding for the previous week’s offering of 91-day and 182-day Treasury bills, to be issued December 19, 1968, were not available. The results, now available, are : Range of Accepted Competitive Bids 91-Day Treasury Bills Maturing March 20,1969 Price H i g h ........................ ............ Low ........................ ............ Average .................. ............ 98.503 98.484 98.492 182-Day Treasury Bills Maturing June 19,1969 Approx. equiv. annual rate 5.922% 5.997% 5.966%1 Price Approx. equiv. annual rate 96.970 96.950 96.958 5.993% 6.033% 6.017%* 1 T h e s e rates are on a bank discou n t basis. T h e equivalent co u p o n issue yield s are 6.14 p ercen t fo r the 9 1 -d a y bills, and 6.29 percent fo r the 182-day bills. (7 percent of the amount of 91-day bills bid for at the low price was accepted.) (67 percent of the amount of 182-day bills bid for at the low price was accepted.) Total Tenders Applied for and Accepted (By Federal Reserve Districts) 91-Day Treasury Bills Maturing March 20,1969 Applied for District Boston .................... ................ New Y o r k .............. ................ Philadelphia .......... .................. Cleveland .............. ................ Richmond .............. ................ ................ Chicago .................. ................ St. L o u is ................ ................ Minneapolis .......... ................ Kansas City .......... ................... .................. San Francisco ----- ................ T otal ............ ................... $ 25,822,000 1,706,273,000 32,170,000 49,024,000 15,005,000 44,537,000 203,101,000 49,513,000 28,931,000 35,118,000 30,900,000 162,935,000 $2,383,329,000 182-Day Treasury Bills Maturing June 19,1969 Accepted $ 15,822,000 1,073,023,000 17,170,000 49,024,000 15,005,000 35,607,000 178,101,000 45,513,000 26,931,000 33,118,000 22,900,000 88,635,000 $1,600,849,000* Applied for $ Accepted 15,858,000 1,635,894,000 18,013,000 40,872,000 14,393,000 42,071,000 145,635,000 29,920,000 18,285,000 21,885,000 22,160,000 169,979,000 $2,174,965,000 $ 5,858,000 810,444,000 8,013,000 36,772.000 8,263,000 25,204,000 55,005,000 24,053,000 11,125,000 19,786,000 11,830,000 83,899,000 $1,100,252,000b a In clu d es $314,949,000 n on com p etitiv e tenders a ccep ted at the a verage price o f 98.492. b In clu d es $175,430,000 n on com p etitiv e tenders a ccep ted at the average price o f 96.958. A lfred H ayes, President.
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