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FEDERAL RESERVE BANK OF N EW YORK Fiscal Agent of the United States rC ircular N o. 6 0 4 3 1 L O ctober 4, 1967 J Results of Treasury’s Offering of $4 .5 Billion Tax Anticipation Bills 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 p.m., yesterday: The Treasury Department announced that the tenders for two series of Treasury tax anticipation bills, one series to be an additional issue of the bills dated July 11, 1967 and the other series to be dated October 9* 1967, which were offered on September 22, 1967, were opened at the Federal Reserve Banks today. Tenders were invited for $1,500,000,000, or thereabouts, of 196-day bills and for $3,000,000,000, or thereabouts of 259-day bills. The details of the two series are as follows: Range of Accepted Competitive Bids 1 9 6 -D a y T a x A n tic ip a tio n B ills M a tu r in g A p r i l 2 2 ,1 9 6 8 2 5 9 -D a y T a x A n tic ip a tio n B ills M a tu r in g J u n e 2 4 ,1 9 6 8 Approx. equiv. annual rate Price Approx. equiv. annual rate Price 97.327 4.910% 96.381 5.030% High ................ k o w ................. 97.306 4.948% 96.250 5.212% A verage .............. 97.314 4.933%! 96.325 5.108%* 1 These rates are 011 a bank discount basis. The equivalent coupon issue yields are 5.15 percent for the 196-day bills and 5.35 percent for the 259-day bills. ’ (6_percent of the amount of 196-day bills bid for at the low price was accepted.) (100 percent of the amount of 259-day bills bid for at the low price was accepted.) Total Tenders Applied for and Accepted (By Federal Reserve Districts) 1 9 6 -D a y T a x A n tic ip a tio n B ills M a tu r in g A p r i l 2 2 ,1 9 6 8 District Applied for Accepted Boston.............$ 131,654,000 New York.......... 1,342,095,000 Philadelphia......... 177,414,000 Cleveland .......... 153,840,000 Richmond .......... 65,030,000 Atlanta ............ 115,790,000 Chicago ............ 379,470,000 St. Louis........... 78,895,000 Minneapolis ......... 93,375,000 Kansas City ......... 72,126,000 Mias ............. 104,220,000 San Francisco ....... 488,931,000 T o t a l .......... $3,202,840,000 2 5 9 -D a y T a x A n tic ip a tio n B ills M a tu r in g J u n e 2 4 ,1 9 6 8 Applied for $ 48,084,000$ 139,103,000 585,895,0001,671,272,000 45,534,000 85,881,000 65,620,000 160,298,000 14,830,000 60,027,000 57,560,000 58,750,000 213,970,000 332,446,000 45,275,000 77,386,000 42,255,000 117,315,000 27,616,000 35,017,000 23,720,000 86,320.000 330,231,000 449,111,000 $1,500,590,000* $3,272,926,000 Accepted $ 139 103 000 1,402272 000 85881000 160298000 60027 000 58750000 331 946 000 77’386000 117315000 34 717000 82320000 449|lll,000 $2^99^126^000b Includes $181,790,000 noncompetitive tenders accepted at the average price o f 97.314. b Includes $191,776,000 noncompetitive tenders accepted at the average price o f 96.325. a A lfred H ayes, President.
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