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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States r Circular No. 5 8 9 5 "1 L November 9, 1966 J RESULTS OF BIDDING FOR 91-DAY AND 182-DAY TREASURY BILLS TO BE ISSUED NOVEMBER 10, 1966 To All Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve D istrict: At the time of printing our Circular No. 5894, dated November 8, 1966, announcing an offering of 91-day and 182-day Treasury bills, to be issued November 17, 1966, the results of bidding for the previous week’s offering of 91day and 182-day Treasury bills, to be issued November 10, 1966, were not available. The results, now available, are: Range of Accepted Competitive Bids 91-Day Treasury Bills Maturing February 9, 1967 High .................................. Low .................................. Average ............................ 182-Day Treasury Bills Maturing May 11, 1967 Price A pprox. equiv. annual rate P rice A pprox. equiv. annual rate 98.638a 5.388% 97.127b 5.683% 98.619 5.463% 97.110 5.716% 98.627 5 .4 3 2 % ! 97.116 S .7 0 5 % 1 a E xcep tin g tw o tenders totaling $158,000. b E xcep tin g one tender of $513,000. 1 T h ese rates are on a bank discount basis. T h e equivalent coupon issue yields are 5.58 percent for the 91-d a y bills, and 5.96 percent for the 182-day bills. (23 percent of the amount of 91-day bills (14 percent of the amount of 182-day bills bid for at the low price was accepted.) bid for at the low price was accepted.) Total Tenders Applied for and Accepted (By Federal Reserve Districts) 91-Day Treasury Bills Maturing February 9, 1967 Applied fo r District ......................... $ 26,988,000 182-Day Treasury Bills Maturing May 11, 1967 Accepted $ 16,988,000 Accepted Applied fo r $ 20,479,000 $ 15,479,000 ......................... ........................... 1,417,128,000 27,795,000 ;8 53,505,000 1,571,246,000 18,363,000 676,169,000 15,795,000 ........................... 52,518,000 48,518,000 53,621,000 25,726,000 . ................................ 13,962,000 49,304,000 13,962,000 38,764,000 7,230,000 ................................ 42,600,000 5,280,000 19,900,000 ................................ 160,243,000 131,204,000 53,786,000 125,243,000 49,016,000 235,649,000 St. Louis .. ................................ Minneapolis ................................ 55,325,000 44,549,000 14,951,000 13,681,000 11,729,000 7,229,000 Kansas City ................................ Dallas ........ ................................ San Francisco........................... 27,414,000 27,414,000 15,027,000 14,662,000 24,818,000 16,818,000 19,827,000 14,077,000 139,405,000 80,520,000 137,361,000 37,995,000 ................................ $2,008,312,000 New York . Philadelphia Richmond T otal . $1,300,224,000c $2,188,457,000 7,763,000 $1,000,033,000d c Includes $267,155,000 noncom petitive tenders accepted at the average price of 98.627. d Includes $166,291,000 noncom petitive tenders accepted at the average price of 97.116. A lfred H ayes, President.
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