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FED ER A L R ESER VE BANK O F NEW YORK Fiscal Agent of the United States r Circular No. 7 5 6 8 "| > L February 11, 1975 J Results of Bidding for 91-Day and 182-Day Treasury Bills (To Be Issued February 13, 1975) T o A ll Incorporated B a n k s and T r u s t Com panies, and O thers Concerned, in the S eco n d F ederal R eserve D istric t: At the time of printing our Circular No. 7567, dated February 7, 1975, announcing an offering of 91-day and 182-day Treasury bills, to be issued February 20, 1975, the results of bidding for the previous offering of 91-day and 182-day Treasury bills, to be issued February 13, 1975, were not available. The results, now available, are: Range of Accepted Competitive Bids pi-Day Treasury Bills Maturing May 15 , 197 5 P rice High ........................... ................ L o w ............................ ................ Average...................... ................ A p p ro x . equiv. annual rate 98.549a 98.525 98.534 182-Day Treasury Bills Maturing August 14,1975 A p p ro x . equiv. annual rate P rice 5.748% 5.833% 5.800% 1 97.094 b 97.051 97.068 5.740% 5.835% 5.800% 1 a E x ce p tin g one tender of $20,000. b E xcep tin g one ten d er of $625,000. 1 T hese ra te s are on a bank discount basis. T he equivalent coupon issue yields are 5.97% for the 91-day bills, and 6.06% fo r the 182-day bills. (6 percent of the amount of 91-day bills (18 percent of the amount of 182-day bills bid for at the low price was accepted.) bid for at the low price was accepted.) Total Tenders Applied for and Accepted (By Federal Reserve District) 91 -Day Treasury Bills 182-Day Treasury Bills Maturing May 15,19 75 Maturing August 14,1975 $ Boston ....................... 41,245,000 A p p lied fo r A ccepted A p p lied fo r D istrict $ 30,245,000 $ 20,035,000 A ccep ted $ 6,685,000 New York ................. ........... 3,293,425,000 2,255,685,000 3,183,670,000 2,230,770,000 Philadelphia ........... Cleveland ............ ........... 82,800,000 62,725,000 17,335,000 15,335,000 ........... 38,690,000 38,690,000 78,730,000 38,730,000 Richmond ................ ........... 36,690,000 22,690,000 9,875,000 8,875,000 Atlanta ....................... ........... Chicago ....................... ........... 29,460,000 26,275,000 9,750,000 9,750,000 281,025,000 114,380,000 246,875,000 107,265,000 St. Louis.................................. Minneapolis ................ .......... 40,220,000 25,120,000 27,100,000 11,100,000 10,270,000 8,270,000 6,845,000 6,745,000 Kansas City ................ .......... Dallas .......................... .......... 31,965,000 27,440,000 20,820,000 15,820,000 32,945,000 22,290,000 27,530,000 10,030,000 San Francisco ............ .......... 187,625,000 66,475,000 146,035,000 39,335,000 ........... $4,106,360,000 T o t a l ........................ $2,700,285,000c $3,794,600,000 $2,500,440,000 d c Includes $378,120,000 noncom petitive tenders from the public. d Includes $130,945,000 noncom petitive tenders from the public. A lfred H a y e s , President.
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