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FEDERAL RESERVE BANK OF N E W YORK Fiscal Agent of the United States r Circular N o. 6 0 2 8 “I L A ugust 29, 1967 J RESULTS OF B ID D IN G F O R 91-DAY A N D 182-DAY T R E A S U R Y BILLS TO BE ISSUED AU G U ST 31, 1967 To A ll Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: A t the time of printing our Circular No. 6027, dated August 28, 1967, announcing an offering of 91-day and 182-day Treasury bills, to be issued September 7, 1967, the results of bidding for the previous week’s offering of 91day and 182-day Treasury bills, to be issued August 31, 1967, were not available. The results, now available, are: Range o f A ccepted Com petitive Bids 91-D ay Treasury Bills Maturing N ovem ber 30, 1967 Price H i g h .......................... ............. L ow .......................... ............. Average ................... ............. 98.871 98.861 98.865 182-Day Treasury Bills Maturing February 29, 1968 Approx. equiv. annual rate 4.466% 4.506% 4.49 0% 1 Price Approx. equiv. annual rate 97.484 97.472 4.977% 5.000% 97.475 4.995 % x 1 These rates are on a bank discount basis. The equivalent coupon issue yields are 4.62 percent for the 91-day bills, and 5.21 percent for the 182-day bills. (8 percent of the amount of 91-day bills bid for at the low price was accepted.) (46 percent of the amount of 182-day bills bid for at the low price was accepted.) Total Tenders Applied for and Accepted (By Federal Reserve Districts) 91-D ay Treasury Bills Maturing N ovem ber 30, 1967 Applied for District Boston ................... N ew Y o r k ............. Philadelphia ......... Cleveland ............. Richmond ............. Atlanta ................. Chicago ................. St. L o u i s ............... Minneapolis ......... Kansas C i t y ......... Dallas .................... San Francisco T otal ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ............................. $ 18,851,000 1,659,799,000 27,534,000 22,945,000 15,194,000 42,401,000 170,107,000 57,885,000 8,563,000 30,549,000 22,648,000 290,543,000 $2,367,019,000 182-Day Treasury Bills Maturing February 29, 1968 Applied for Accepted $ 8,178,000 890,035,000 14,374,000 22,945,000 14,194,000 20,898,000 111,077,000 37,785,000 5,563,000 27,268,000 12,648,000 235,258,000 $1,400,223,000* $ Accepted 24,864,000 1,650,325,000 14,080,000 45,305,000 5,087,000 36,486,000 227,269,000 45,395,000 9,624,000 13,489,000 19,691,000 103,819,000 $2,195,434,000 $ 2,814,000 804,105,000 5,516,000 14,886,000 4,424,000 11,359,000 83,369,000 11,895,000 5,162,000 11,392,000 8,991,000 37,393,000 $1,001,306,000b a Includes $223,174,000 noncom petitive tenders accepted at the average price o f 98.865. b Includes $130,489,000 noncom petitive tenders accepted at the average price o f 97.475. A lfred H ayes, President.
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