The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF N EW YORK Fiscal A gent o f the United States r Circular N o. 5 9 6 5 ~ l L M arch 29, 1967 J Results of Treasury’s 9-Month and 12-Month Bill Offerings To All Incorporated Banlcs and Trust Companies, and Others Concerned, in the Second Federal Eeserve 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 for two series of Treasury bills, one series to be an additional issue of the bills dated December 31, 1966, and the other series to be dated March 31, 1967, which were offered on March 22, 1967, were opened at the Federal Reserve Banks today. Tenders were invited fo r $500,000,000, or thereabouts, o f 275-day bills and fo r $900,000,000, or thereabouts, o f 366-day bills. The details o f the two series are as fo llo w s : Range o f A ccepted Com petitive Bids 275-Day Treasury Bills Maturing D ecem ber 31,1967 366-Day Treasury Bills M aturing March 31,1968 Price Price Approx. equiv. annual rate 96.899 96.872 96.885 H igh .. Low . . . Average Approx. equiv. annual rate 4.059% 4.095% 4.078% ! 95.870 95.839 95.858 4.062% 4.093% 4.074% ! 1 These rates are on a bank discount basis. The equivalent coupon issue yields are 4.25 percent for the 275-day bills, and 4.28 percent for the 366-day bills. (35 percent o f the amount of 275-day bills bid fo r at the low price was accepted.) (56 percent of the amount of 366-day bills bid for at the low price was accepted.) T otal Tenders A p p lied fo r and A ccepted (B y Federal Reserve Districts) 275-Day Treasury Bills Maturing D ecem ber 31,1967 Applied for District B o s t o n ........................ New Y o r k ................. P h ila d e lp h ia ............. Cleveland ................. R ic h m o n d ................. Atlanta ..................... C h ic a g o ..................... St. L o u i s ................... Minneapolis ............. Kansas C ity ............. Dallas ........................ San Francisco ......... ......... ......... ......... ......... ........ ........ ......... ......... ......... ......... ......... ......... T o t a l ............................ $ 2 0 ,0 0 0 917,948,000 4,324,000 25,416,000 760,000 15,484,000 207,769,000 8,252,000 11,146,000 1,549,000 11,550,000 95,205,000 $1,299,423,000 366-Day Treasury Bills Maturing M arch 31,1968 Accepted $ Applied for $ 395,959,000 324,000 10,416,000 760,000 5,484,000 34,961,000 4,952,000 1,146,000 1,549,000 6,550,000 37,950,000 $500,071,000a Accepted 30,486,000 1,131,891,000 9,188,000 24,004,000 7,737,000 16,062,000 305,307,000 9,698,000 3,579,000 2,928,000 12,079,000 116,173,000 $1,669,132,000 2 0 ,0 0 0 $ 19,166,000 666.431.000 1,188,000 8.974.000 1.737.000 6.062.000 110.307.000 6.598.000 1.859.000 2.928.000 8.079.000 66,673,000 $900,002,000b a Includes $18,116,000 noncompetitive tenders accepted at the average price of 96.885. b Includes $40,127,000 noncompetitive tenders accepted at the average price of 95.858. A lfred H ayes, President.