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FED ER AL RESERVE BANK O F NEW YORK Fiscal Agent of the United States r L. Circular No. 6 9 44~ 1 M ay 23, 1972 J Results of Bidding for 91-Day and 183-Day Treasury Bills (To Be Issued May 25, 1972) To A ll Incorporated B anks and T rust Companies, and Others Concerned, in the Second Federal Reserve D istrict: At the time of printing our Circular No. 6942, dated May 19, 1972, announcing an offering of 91-day and 182-day Treasury bills, to be issued June 1, 1972, the results of bidding for the previous offering of 91-day and 183-day Treasury bills, to be issued May 25, 1972, were not available. The results, now available, are: Range of Accepted Competitive Bids 183 -Day Treasury Bills Maturing November 24 , 1972 pi-Day Treasury Bills Maturing August 24 , 1972 High ............................ ............. Low .............................. ............. Average .................. ............. Price A pprox. equiv. annual rate 99.040 99.025 99.033 3.798% 3.857% 3.825%! aExcepting one tender of $400,000. ^These rates are on a bank discount basis. 4.39 percent for the 183-day bills. A pprox. equiv annual rate Price 97.855a 97.845 97.848 4.220% 4.239% 4.233 % ! The equivalent coupon issue yields are 3.92 percent for the 91-day bills, and (60 percent of the amount of 91-day bills bid for at the low price was accepted.) (25 percent of the amount of 183-day bills bid for at the low price was accepted.) Total Tenders Applied for and Accepted (By Federal Reserve Districts) 9 1 -Day Treasury Bills Maturing August 24 , 1972 D istrict Applied for Boston ......................... ........... New York ................... ........... Philadelphia ............... ........... Cleveland ..................... ........... Richmond ................... ........... Atlanta ......................... ........... Chicago ....................... ........... St. Louis ..................... ........... Minneapolis ................. ........... Kansas City ................. ........... Dallas ........................... ........... San Francisco ............. ........... T otal .......................... ........... $ 19,515,000 3,022,090,000 13,525,000 25,605,000 8,570,000 41,720,000 246,905,000 37,670,000 32,490,000 31,935,000 20,410,000 76,895,000 $3,577,330,000 183 -Day Treasury Bills Maturing November 24 , 1972 Accepted $ Applied for Accepted 9,515,000 1,966,690,000 13,525,000 25,070,000 8,410,000 26,370,000 131,405,000 29,470,000 17,390,000 21,755,000 10,210,000 40,195,000 $ 26,385,000 2,947,885,000 25,640,000 18,075,000 22,050,000 25,040,000 231,010,000 19,720,000 32,955,000 20,700,000 18,370,000 331,940,000 $ $2,300,005,000b $3,719,770,000 $1,800,260,000c 2,705,000 1,705,015,000 4,960,000 7,310,000 3,050,000 8,120,000 24,475,000 7,720,000 8,705,000 9,890,000 8,170,000 10,140,000 in clu d es $166,345,000 noncompetitive tenders accepted at the average price of 99.033. ^Includes $80,345,000 noncompetitive tenders accepted at the average price of 97.848. A lfred H ayes, President.
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