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FEDERAL RESERVE BANK OF N EW YORK Fiscal Agent of the United States r L Circular No. 5 9 4 2 1 February 7, 1967 J RESULTS OF BID D IN G FO R 91-DAY AN D 182-DAY T R E A S U R Y BILLS TO BE ISSUED F E B R U A R Y 9, 1967 To All Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve D istrict: A t the time of printing our Circular No. 5941, dated February 6, 1967, announcing an offering of 91-day and 182-day Treasury bills, to be issued February 16, 1967, the results of bidding for the previous week’s offering of 91day and 182-day Treasury bills, to be issued February 9, 1967, were not available. The results, now available, are: Range of A ccepted Com petitive Bids 91-Day Treasury Bills Maturing M ay 11, 1967 Price H i g h .......................... ............. L ow .......................... ............. Average ................... ............. 98.868a 98.849 98.855 182-Day Treasury Bills Maturing August 10, 1967 Approx. equiv. annual rate Approx. equiv. annual rate Price 4.478% 4.553% 4.530% 1 97.734 97.705 97.713 4.482% 4.540% 4.524% x a Excepting two tenders totaling $72,000. 1 These rates are on a bank discount basis. The equivalent coupon issue yields are 4.65 percent for the 91-day bills, and 4.69 percent for the 182-day bills. (82 percent of the amount of 91-day bills bid for at the low price was accepted.) (78 percent of the amount of 182-day bills bid for at the low price was accepted.) Total Tenders A pp lied for and A ccepted (B y Federal Reserve Districts) 91-Day Treasury Bills Maturing M ay 11, 1967 Applied for District B o s t o n ............................ New Y ork ................... Philadelphia ................. Cleveland ..................... Richmond ..................... Atlanta .......................... C h ic a g o .......................... St. L o u i s ........................ Minneapolis ................. Kansas C i t y ................. Dallas ............................ San Francisco ............. ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... T otal ................ ........... $ 20,754,000 1,471,004,000 29,971,000 38,265,000 22,198,000 51,270,000 317,106,000 63,746,000 17,935,000 30,199,000 26,860,000 113,200,000 $2,202,508,000 182-Day Treasury Bills Maturing August 10, 1967 Accepted $ 18,954,000 814,724,000 17,971,000 37,965,000 19,838,000 43,470,000 139,197,000 48,746,000 17,845,000 30,199,000 24,680,000 86,660,000 $ 1,300,249,000b Applied for $ Accepted 17,238,000 1,461,060,000 13,187,000 17,090,000 9,323,000 26,651,000 293,304,000 35,987,000 10,880,000 16,544,000 11,835,000 178,907,000 $2,092,006,000 $ 17,238,000 786,655,000 5,187,000 11,790,000 3,323,000 10,931,000 60,304,000 12,787,000 7,880,000 14,444,000 9,835,000 59,797,000 $1,000,171,000c k Includes $268,337,000 noncompetitive tenders accepted at the average price of 98.855. c Includes $105,832,000 noncompetitive tenders accepted at the average price of 97.713. A lfred H ayes, President.
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