The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
F E D E R A L R E S E R V E BANK OF NEW YORK Fiscal A gent o f the United States r Circular N o. 6 3 6 3 1 L July 14, 1969 J Results of Treasury’s Offer of $ 1 % Billion of March Tax Bills To A ll Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve D istrict: The following statement was issued by the Treasury Department and released at 6 :30 p.m. July 11: The Treasury Department announced that the tenders fo r $1,750,000,000, or there abouts, o f 248-day Treasury Tax A nticipation bills to be dated J u ly 18, 1969, and to mature March 23, 1970, which were offered on J u ly 2, 1969, were opened at the Federal Reserve Banks today. The details of this issue are as fo llo w s : Total applied fo r Total accepted . . $3,383,935,000 $1,750,030,000 (Includes $127,130,000 entered on a non competitive basis and accepted in full at the average price shown below) Range of accepted competitive bids: H igh ........................ 95.143a L o w .......................... 95.000 Average 95.039 ................. Equivalent rate o f discount approx. 7.050% per annum Equivalent rate o f discount approx. 7.258% per annum Equivalent rate o f discount approx. 7.201% per annum1 a Excepting one tender of $200,000. i This is on a bank discount basis. The equivalent coupon issue yield is 7.61 percent. (31 percent of the amount bid for at the low price was accepted.) Federal Reserve District Total accepted Total applied for Boston .................................................... . . . New Y o r k ............................................. P h ila d e lp h ia ......................................... Cleveland ............................................. Richm ond ............................................. Atlanta ................................................. Chicago ............................................... .. St. L o u i s ............................................... Minneapolis ......................................... Kansas City ......................................... . . Dallas ................................................... San Francisco ..................................... $ 131,633,000 1,751,538,000 176,401,000 107,417,000 63,435,000 65,792,000 358,185,000 106,310,000 55,527,000 51,069,000 54,220,000 462,408,000 $ ................................... . . . $3,383,935,000 $1,750,030,000 T otal A lfred 48,233,000 708,088,000 113,401,000 78,967,000 24,535,000 42,292,000 157,635,000 68,310,000 39,522,000 42,869,000 18,770,000 407,408,000 H ayes, President.
@FedFRASER