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FEDERAL RESERVE BANK OF N EW YORK Fiscal Agent of the United States rC ircu lar N o. 6 0 4 0 1 1967 J L September 27, Results of Treasury’s 9-Month and 12-Month Bill Offerings To All Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: The following statement was issued by the Treasury Department and released at 6*30 Dm 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 June 30, 1967, and the other series to be dated September 30 1967 which were offered on September 20,1967, were opened at the Federal Reserve Banks today Tenders were S f t w f ’ °r thereabouts’ 0* 272-day bills and for $1,000,000,000,or thereabouts, of 366-dav bills. The details of the two series are as follows: Range of Accepted Competitive Bids treasury Bills maturing June 30,1968 ................ ^ow ................ A ^rage •............. 366-Day Treasury Bills Maturing September 30,1968 p . F nce Approx. equiv. annual rate 96.154 96.095 96.113 5.090% 5.168% 5.145%i 5.42 percent f o r ® t h ? 3 6 6 - d a y ' ^ Approx. equiv. annual rate Price 5080% 5169% S.124%1 94.835 94.745 94.791 equivalent C0Up0n issue yields are 5-39 Percent for the 272-day bills, and (?.J>eJcentu tll1e am°unt of 272-day bills bid for at the low price was accepted.) (62 percent of the amount of 366-dav bills bid for at the low price was accepted.) Total Tenders Applied for and Accepted (By Federal Reserve Districts) 272-Day Treasury Bills Maturing June 30,1968 Dutnct Boston ............. .......... Philadelphia......... * .......... i“ >.anta ............ °hlf®°............. ®t.-Louls1'........... Minneapolis ........ Kansas City ......... D aUa„s ••••.......... San Francisco ....... ToTA1, •.......... Applied for $ 302,000 967,840,000 5,390,000 6,633,000 14,237,000 15,204,000 138,638,000 11,726,000 14,080,000 1,940,000 11,414,000 68,175,000 $1,255,579,000 Accepted $ 302,000$ 396,715,000 1,390,000 6,633,000 7,237,000 6,604,000 18,259,000 2,816,000 13,580,000 1,940,000 4,414,000 40,175,000 $500,065,000" 366-Day Treasury Bills Maturing September 30,1968 Applied for Accepted 40,507,000 $ 30 507 000 1,302,088 000 718 338 000 11,390,000 3 290 000 23,399 000 23 399000 22,762 000 17762000 21,547 000 12 947 000 119,970 000 46 970 000 20,346,000 8346 000 15,096 000 15096000 5,360,000 5 360 000 13 272,000 8272 000 144,717^00 109,717,000 $l^«V3M ^ b $1,740,454,000 a Includes $21,707,000 noncompetitive tenders accepted at the average price of 96.113. b Includes $56,666,000 noncompetitive tenders accepted at the average price of 94.791. A lfred H ayes, President.
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