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FE D E R A L R E S E R VE BANK O F N E W YORK Fiscal Agent of the United States r Circular No. 7 2 4 1 "1 L October 2, 1973 J Results of Bidding for 91-Day and 182-Day Treasury Bills (To Be Issued October 4, 1973) To A ll Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve D istrict: At the time of printing our Circular No. 7239, dated September 28, 1973, announcing an offering of 91-day and 182-day Treasury bills, to be issued October 11, 1973, the results of bidding for the previous offering of 91-day and 182-day Treasury bills, to be issued October 4, 1973, were not available. The results, now available, are: Range of Accepted Competitive Bids 91 -Day Treasury Bills Maturing January 3 , 1974 High ......................................... Low ........................................... Average ................................... 1 These 182-Day Treasury Bills Maturing April 4, 1974 Price Approx. equiv. annual rate Price 98.219 98.167 98.193 7.046% 7.251% 7.149% ! 96.196 96.150 96.166 Approx. equiv. annual rate 7.524% 7.615% 7.584% 1 rates are on a bank discount basis. The equivalent coupon issued yields are 7.38 percent for the 91-day bills, and 8.00 percent for the 182-day bills. (28 percent of the amount of 91-day bills bid for at the low price was accepted.) (84 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 January 3 , 1974 Applied for District Kansas C ity ............................ Dallas ........................................ San Francisco ......................... 27,355,000 2,530,305,000 46,270,000 31,365,000 17,235,000 22,055,000 218,450,000 39,480,000 31,400,000 28,860,000 37,835,000 97,185,000 T o ta l.............................. $3,127,795,000 Boston ...................................... New York .............................. P hiladelphia .......................... Cleveland ................................ R ich m o n d .............................. Atlanta .................................... Chicago .................................. St. Louis ................................ M in n ea p o lis ............................ $ Accepted $ 182-Day Treasury Bills Maturing April 4, 1974 Applied for 17,355,000 1,927,305,000 37,670,000 31,365,000 17,235,000 22,055,000 218,450,000 39,480,000 31,400,000 27,140,000 34,825,000 95,745,000 $ 17,340,000 2,542,120,000 8,230,000 21,830,000 16,825,000 21,830,000 290,895,000 66,850,000 21,670,000 25,955,000 37,800,000 119,875,000 $2,500,025,000a $3,191,220,000 Accepted $ 7,340,000 1,423,820,000 8,230,000 21,630,000 13,300,000 17,955,000 140,895,000 57,175,000 11,470,000 20,855,000 15,300,000 62,395,000 $1,800,365,000b a Includes $277,380,000 noncompetitive tenders accepted at the average price, b Includes $195,345,000 noncompetitive tenders accepted at the average price. A lfred H ayes, President.
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