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F E D E R A L R E S E R V E BANK O F N EW Y O R K Fiscal Agent of the United States r Circular No. 5 8 1 7 "I L May 24, 1966 J RESULTS OF B ID D IN G F O R 91-DAY AN D 183-DAY T R E A SU R Y BILLS TO BE ISSUED M A Y 26, 1966 To A ll Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal R eserve D istrict: A t the time of printing our Circular No. 5816, dated May 23, 1966, announcing an offering of 91-day and 182-day Treasury bills, to be issued June 2, 1966, the results of bidding for the previous week’s offering of 91-day and 183-day Treasury bills, to be issued May 26, 1966, were not available. The results, now available, are: Range of Accepted Competitive Bids 91-Day Treasury Bills Maturing August 25, 1966 183-Day Treasury Bills Maturing N ovem ber 25, 1966 Price Price A pprox. equiv. annual rate 98.834 98.824 98.828 H i g h ................................................. L ow .................................................. Average ........................................... Approx. equiv. annual rate 4.613% 4.652% 4.638% 1 97.548 97.538 97.542 4.824% 4.843% 4.835% 1 1 T h ese rates are on a bank discount basis. 5.03 percent for the 183-day bills. T he equivalent coupon issue yields are 4.76 percent for the 91-day bills, and (49 percent of the amount of 91-day bills bid for at the low price was accepted.) (83 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) 91-Day Treasury Bills Maturing August 25, 1966 Applied fo r District ........... $ 19,096,000 183-Day Treasury Bills Maturing N ovem ber 25, 1966 Accepted $ 9,096,000 Accepted Applied for $ $ 4,713,000 4,713,000 725,882,000 1,387,722,000 New Y ork ................... ........... Philadelphia ................. ........... 1,583,232,000 29,679,000 12,679,000 15,086,000 7,001,000 ...................... ........... 27,885,000 27,885,000 15,957,000 12,800,000 Richmond ...................... ........... 11,147,000 11,147,000 4,014,000 4,014,000 12,674,000 Cleveland 929,862,000 Atlanta .......................... ........... 30,148,000 23,148,000 21,278,000 C h ic a g o .......................... ........... 267,143,000 142,042,000 312,461,000 153,911,000 St. L o u i s ........................ ........... 42,523,000 34,523,000 24,016,000 17,016,000 Minneapolis ................. ........... 15,287,000 15,287,000 10,784,000 9,199,000 Kansas C i t y ................. ........... 24,107,000 24,107,000 17,934,000 17,434,000 9,406,000 26,271,000 Dallas ............................ ........... 21,175,000 12,665,000 13,576,000 San Francisco 73,637,000 57,599,000 87,346,000 ............. Total ............. ........... $2,145,059,000 $1,300,040,000a $1,914,887,000 $1,000,32 l,000b a Includes $220,696,000 noncompetitive tenders accepted at the average price of 98.828. b Includes $120,153,000 noncompetitive tenders accepted at the average price of 97.542. A lfred H ayes, President.
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