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F E D E R A L R E S E R V E BA N K O F NEW YO RK Fiscal Agent of the United States r Circular No. 5 8 2 6 L June 24, 1966 Results of Treasury’s One-Year Bill Offering To All Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve D istrict: The following statement was issued by the Treasury Department and released at 6:30 p.m. yesterday: The Treasury Department announced that the tenders fo r $1,000,000,000, or there abouts, of 365-day Treasury bills to be dated June 30, 1966, and to mature June 30, 1967, which were offered on June 16, were opened at the Federal Reserve Banks today. The details of this issue are as fo llo w s : Total applied for $1,567,292,000 Total accepted .. $1,000,092,000 (includes $46,312,000 entered on a non competitive basis and accepted in full at the average price shown below) Range o f accepted competitive bids: H igh ........................ 95.306 L o w .......................... 95.138 Average 95.238 ................. Equivalent rate o f discount approx. 4.630% per annum Equivalent rate o f discount approx. 4.795% per annum Equivalent rate o f discount approx. 4.697% per annum1 (58 percent of the amount bid fo r at the low price was accepted.) Federal Reserve District Total applied f or Boston .......................................................... New Y o r k ................................................... P h ila d e lp h ia ............................................... Cleveland ................................................... Richmond ................................................... Atlanta ........................................................ Chicago ........................................................ St. L o u i s ...................................................... Minneapolis ............................................... Kansas City ............................................... Dallas .......................................................... San Francisco ........................................... T o t a l ...................................................... i This rate is on a bank discount basis. $ Total accepted 10,972,000 1,169,595,000 13,059,000 29,273,000 1,758,000 58,105,000 163,641,000 16,588,000 6,038,000 3,143,000 12,021,000 83,099,000 $ $1,567,292,000 972,000 662,395,000 13,059,000 29,273,000 1,758,000 58,105,000 122,641,000 16,588,000 6,038,000 3,143,000 8,021,000 78,099,000 $1,000,092,000 The equivalent coupon issue yield is 4.94 percent. A lfred H ayes, President.
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