View original document

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
rC ircu la r N o. 5 9 7 4 1

I

April 26, 1967

J

Results of Treasury’s 9-Month and 12-Month Bill Offerings
To All Incorporated BanTcs and Trust Companies, and Others Concerned,
in the Second Federal Reserve D istrict:

T h e f o ll o w in g s ta te m e n t w a s is s u e d b y th e T r e a s u r y D e p a r t m e n t a n d r e le a s e d a t 6 :30 p .m .,
y esterd a y :
The Treasury Department announced that the tenders fo r two series o f Treasury bills, one series to be
an additional issue o f the bills dated January 31, 1967, and the other series to be dated A p ril 30, 1967.
which were offered on A p ril 19, 1967, were opened at the Federal Reserve Banks today. Tenders were
invited fo r $500,000,000, or thereabouts, of 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 follo w s:
Range o f A ccepted Com petitive Bids
275-Day Treasury Bills
Maturing January 31,1968

366-Day Treasury Bills
M aturing A p ril 30,1968

Price

H igh ...........................................
L o w .............................................
Average .....................................

Approx. equiv.
annual rate

Price

Approx. equiv.
annual rate

97.089
97.044
97.065

3.811%
3.870%
3.842% !

96.122a
96.066
96.104

3.814%
3.870%
3.832% !

a Excepting three tenders totaling $1,359,000.
i These rates are on a bank discount basis. The equivalent coupon issue yields are 4.00 percent for the 275-dav bills and
4.01 percent for the 366-day bills.
(75 percent o f the amount o f 275-day bills
bid fo r at the low price was accepted.)

(16 percent o f the amount o f 366-day bills
bid for at the low price was accepted.)

Total Tenders A pp lied for and A ccepted (B y Federal Reserve Districts)
275-Day Treasury Bills
Maturing J anuary 31,1968
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 ............................

Applied for

$

200,000
946,952,000
5,045,000
655,000
1,559,000
7,116,000
227,783,000
2,940,000
8,950,000
1,275,000
11,100,000
51,635,000

$1,265,210,000

366-Day Treasury Bills
Maturing A p ril 30,1968

Accepted

$

200,000
410,202,000
4,045,000
655,000
1,559,000
5,116,000
29,283,000
940,000
8,325,000
1,275,000
7,100,000
31,385,000

$500,085,000b

Applied fo r

$

Accepted

36,328,000
1,102,996,000
10,712,000
13,705,000
5,827,000
8,367,000
267,603,000
8,085,000
3,332,000
4,367,000
11,375,000
62,427,000

$ 27 488 000
659’l l 6 ’ 000
3512000
13 705 000
5 827000
8 367 000
1 20243000
6 085 000
3 332 000
4 3 6 7 ’ 000
8 37 50 00
39,587 000

$1,535,124,000

$900,004,000c

b Includes $14,924,000 noncompetitive tenders accepted at the average price of 97.065.
c Includes $32,688,000 noncompetitive tenders accepted at the average price of 96.104.




A

lfred

H

ayes,

President.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102