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FED ER AL R ESERVE BANK O F NEW YORK Fiscal A gent of the U nited States r Circular No. 7 0 3 3 ~1 L November 8, 1972 J Results of Bidding for 91-Day and 182-Day Treasury Bills (To Be Issued November 9, 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. 7032, dated November 6, 1972, announcing an offering o f 91-day and 182-day Treasury bills, to be issued November 16, 1972, the results of bidding for the previous offering of 91-day and 182-day Treasury bills, to be issued November 9, 1972, were not available. The results, now available, are: Range of Accepted Competitive Bids 91-Day Treasury Bills Maturing February 8 ,1 9 7 3 A pprox. equiv. annual rate Price High .......................... ............ Low .......................... ............ Average .................... ............ 98.832 98.814 98.820 a E xcepting one tender of $300,000. i T hese rates are on a bank discount basis. 5.15 percent fo r the 182-day bills. 182-Day Treasury Bills Maturing M ay 1 0 ,1 97 3 A pprox. equiv. annual rate Price 4.621% 4.692% 4.668% 1 97.509a 97.482 97.494 4.927% 4.981% 4.957%! The equivalent coupon issue yields are 4.79 percent fo r the 91-day bills, and (100 percent of the amount of 91-day bills bid for at the low price was accepted.) (25 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-D ay Treasury Bills Maturing February 8 ,1 9 7 3 D istrict Boston .......................... New York .................... Philadelphia.................. Cleveland ...................... R ich m on d ...................... Atlanta .......................... C h ica g o .......................... St. L o u is ........................ Minneapolis .................. Kansas City.................... Dallas ............................ San Francisco .............. T otal A pplied fo r ........ ........ ........ ........ ........ ........ ........ ........ ........ ........ ........ $ 27,110,000 3,103,845,000 32,140,000 22,490,000 33,190,000 19,560,000 344,295,000 50,170,000 43,205,000 28,260,000 34,395,000 146,975,000 ........ $3,885,635,000 Accepted 182-Day Treasury Bills Maturing M ay 10,1973 Accepted Applied fo r 9,110,000 1,921,695,000 12,140,000 22,490,000 16,690,000 14,310,000 200,295,000 37,170,000 29,205,000 18,260,000 17,395,000 101,975,000 $ 25,535,000 2,795,590,000 27,215,000 37,975,000 37,030,000 26,545,000 568,840,000 51,780,000 38,700,000 20,125,000 30,845,000 214,980,000 $ $2,400,735,000b $3,875,160,000 $1,900,835,000c $ 5,785,000 1,525,790,000 7,215,000 17,775,000 11,080,000 21,545,000 77,340,000 35,280,000 20,200,000 10,125,000 10,470,000 158,230,000 b Includes $168,245,000 noncompetitive tenders accepted at the average price of 98.820. c Includes $86,510,000 noncompetitive tenders accepted at the average price of 97.494. A lfred H ayes, President.
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