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F E D E R A L R E S E R V E BA N K O F NEW YORK Fiscal Agent of the United States r Circular No. 5 9 1 5 1 December 13, 1966 J L RESULTS OF B ID D IN G FO R 91-DAY A N D 182-DAY T R E A SU R Y BILLS TO BE ISSUED DECEM BER 15, 1966 To All Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: A t the time of printing our Circular No. 5914, dated December 12, 1966, announcing an offering of 91-day and 182-day Treasury bills, to be issued December 22, 1966, the results of bidding for the previous week’s offering of 91-day and 182-day Treasury bills, to be issued December 15, 1966, were not available. The results, now available, a re : Range o f A ccepted Com petitive Bids 91-Day Treasury Bills Maturing March 16,1967 182-Day Treasury Bills Maturing June 15,1967 Price Approx. equiv. annual rate Price Approx. equiv. annual rate H i g h ............. .......................... 98.731 5.020% 97.410 5.123% ............. .......................... 98.722 5.056% 97.404 5.135% Average . . . . .......................... 98.724 5.048% 1 97.407 5.129 % 1 Low 1 T h ese rates are on a bank discount basis. 5.34 percent for the 182-day bills. T h e equivalent coupon issue yields are 5.18 percent for the 91-day bills, an (59 percent of the amount of 91-day bills bid for at the low price was accepted.) (18 percent of the amount of 182-day bills bid for at the low price was accepted.) Total Tenders A pp lied fo r and Accepted (B y Federal Reserve Districts) 91-Day Treasury Bills Maturing March 16,1967 Applied for District B o s t o n ................... N ew Y o r k ............. Philadelphia ......... Cleveland ............. Richmond ............. Atlanta ................. C h ic a g o ................. St. L o u i s ............... Minneapolis ......... Kansas City ......... Dallas ................... San Francisco ................... $ ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... 41,668,000 1,566,406,000 28,347,000 34,326,000 12,160,000 66,138,000 218,031,000 73,503,000 25,423,000 31,341,000 25,060,000 213,342,000 T o t a l .............. ................... $2,335,745,000 182-Day Treasury Bills Maturing June 15,1967 Applied for Accepted $ 30,693,000 769,199,000 15,423,000 30,129,000 12,160,000 25,354,000 155,220,000 61,076,000 18,523,000 28,431,000 15,060,000 141,252,000 $1,302,520,000a $ Accepted 13,672,000 1,883,787,000 14,704,000 34,307,000 14,992,000 59,269,000 168,975,000 63,263,000 9,483,000 16,361,000 13,096,000 252,999,000 $2,544,908,000 $ 3,672,000 813,700,000 5,304,000 25,992,000 6,090,000 19,871,000 37,025,000 46,611,000 4,983,000 15,726,000 7,896,000 13,839,000 $1,000,709,000b a Includes $283,317,000 noncom petitive tenders accepted at the average price of 98.724. b Includes $147,210,000 noncom petitive tenders accepted at the average price of 97.407. A lfred H ayes, President.
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