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FEDERAL RESERVE BANK OF N EW YORK Fiscal Agent of the United States J" Circular No. 6 0 7 6 ~l U December 12, 1967 J RESULTS OF B ID D IN G FOR 91-DAY A N D 182-DAY T R EA SU R Y BILLS TO BE ISSUED DECEM BER 14, 1967 To A ll Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve D istrict: At the time of printing our Circular No. 6074, dated December 11, 1967, announcing an offering of 91-day and 182-day Treasury bills, to be issued December 21, 1967, the results of bidding for the previous week’s offering of 91-day and 182-day Treasury bills, to be issued December 14, 1967, were not available. The results, now available, are: Range o f A ccepted C om petitive Bids 91-Day Treasury Bills Maturing March 14, 1968 Approx. equiv. annual rate Price High ................................................. L o w .................................................... Average............................................. 98.758a 98.746 98.751 Approx. equiv. annual rate Price 4.913% 4.961% 4.941% ! a Excepting two tenders totaling $62,000. 1 These rates are on a bank discount basis. 5.74 percent for the 182-day bills. 182-Day Treasury Bills Maturing June 13,1968 97.238b 97.215 97.223 5.463% 5.509% 5.493%! b Excepting one tender of $975,000. The equivalent coupon issue yields are 5.09 percent for the 91-day bills, and (57 percent of the amount of 91-day bills bid for at the low price was accepted.) (38 percent of the amount of 182-day bills bid for at the low price was accepted.) T otal Tenders A p p lied for and A ccepted (B y Federal Reserve Districts) 91-Day Treasury Bills Maturing March 14,1968 Applied for District ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... San Francisco............... B oston............................ New Y o r k ..................... Philadelphia ................. Cleveland ...................... Richmond ...................... Atlanta .......................... Chicago.......................... St. L o u is........................ Minneapolis................... Kansas C i t y ................. T otal ................... ............. $ 20,020,000 1,774,841,000 33,158,000 51,461,000 16,220,000 44,388,000 226,158,000 45,943,000 27,922,000 33,456,000 25,667,000 189,750,000 $2,488,984,000 182-Day Treasury Bills Maturing June 13,1968 Applied for Accepted $ 9,811,000 1,077,451,000 11,058,000 49,161,000 13,220,000 28,158,000 110,245,000 29,514,000 19,565,000 29,456,000 17,237,000 105,840,000 $1,500,716,000c $ 14,911,000 1,449,311,000 21,206,000 66,142,000 5,851,000 29,212,000 179,148,000 28,812,000 21,946,000 20,687,000 19,980,000 116,640,000 $1,973,846,000 Accepted $ 3,911,000 698,611,000 10,866,000 51,042,000 5,851,000 18,652,000 75,806,000 21,612,000 11,446,000 18,687,000 12,360,000 71,340,000 $1,000,184,000d c Includes $237,667,000 noncompetitive tenders accepted at the average price of 98.751. d Includes $160,325,000 noncompetitive tenders accepted at the average price of 97.223. A lfred H ayes, President.
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