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FED ERAL R ESERVE BANK O F N E W YORK Fiscal Agent of the United States I"Circular No. 6 9 L July 2 6 , 1972 7 81 -J Results of Treasury’s 9-Month and 12-Month Bill Offerings To A ll Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve D istrict: The following statem ent was issued by the T reasury D epartm ent and released at 6:30 p.m. yesterday: T he T reasury D epartm ent announced that the tenders for tw o series of Treasury bills, one series to be an additional issue of the bills dated A pril 30, 1972, and the other series to be dated July 31, 1972, which w ere invited on July 19, 1972, w ere opened at the Federal R eserve Banks today. Tenders were invited for $500,000,000, or thereabouts, of 273-day bills and for $1,200,000,000, or thereabouts, of 365-day bills. T he de tails of the tw o series are as fo llo w s: Range of Accepted Competitive Bids 2y3-Day Treasury Bills Maturing April 30, 1973 H i g h ............................. ............... L ow ............................. ............... A verage ...................... ............... Price Approx. equiv. annual rate 96.428 96.392 96.412 4.710% 4.758% 4.731% ! 365-Day Treasury Bills Maturing July 3 1, 1973 Approx. equiv. annual rate Price 4.889% 4.929% 4.918% ! 95.043 95.003 95.014 ^ h e s e rates are on a bank discount basis. The equivalent coupon issue yields are 4.94 percent for the 273-day bills, and 5.18 percent for the 365-day bills. (6 percent of the amount of 273-day bills bid for at the low price w as accepted.) (6 9 percent of the amount of 365-day bills bid for at the low price w as accepted.) Total Tenders Applied for and Accepted (B y Federal Reserve Districts) 273-Day Treasury Bills Maturing April 30, 19 7 3 D istrict Applied for Boston ........................ ....... N ew Y ork ................. ....... P h ila d e lp h ia ............... Cleveland ................... Richm ond ................. A tlanta ........................ Chicago ...................... St. L ouis ................... M inneapolis ............... K ansas C i t y ............... D allas ........................... San Francisco .......... T otal ................... $ 15,125,000 1,241,020,000 1,525,000 450,000 5,390,000 12,620,000 141,835,000 6,000,000 16,500,000 13,570,000 23,635,000 47,900,000 $1,525,570,000 365-Day Treasury Bills Maturing July 3 1 , 19 7 3 $ 125,000 408,500,000 1,525,000 450,000 3,390,000 2,260,000 60,075,000 3,500,000 450,000 2,570,000 1,635,000 15,600,000 $ 500,080,000a Accepted Applied for Accepted $ $ 30,735,000 2,276,365,000 58,830,000 6,645,000 12,030,000 19,380,000 263,945,000 14,315,000 15,960,000 17,085,000 24,305,000 109,685,000 $2,849,280,000 585,000 1,108,345,000 1,550,000 1,645,000 1,030,000 2,380,000 47,575,000 4,395,000 960,000 2,865,000 1,955,000 27,215,000 $1,200,500,000* ^Includes $15,965,000 noncompetitive tenders accepted at the average price of 96.412. ^Includes $30,670,000 noncompetitive tenders accepted at the average price of 95.014. A lfred H ayes, President.
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