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FEDERAL RESERVE BANK
OF N EW YORK
Fiscal Agent of the United States
r Circular No. 6 1 1 2 *
1
L February 6, 1968 J
.

RESULTS OF BIDDING FOR 91-DAY AND 182-DAY TREASURY BILLS
TO BE ISSUED FEBRUARY 8, 1968
To All Incorporated Banks and Trust Companies, and Others
Concerned, in the Second Federal Reserve District:

At the time of printing our Circular No. 6111, dated February 5, 1968, announcing an offering of 91-day and
182-day Treasury bills, to be issued February 15, 1968, the results of bidding for the previous week’s offering of
91-day and 182-day Treasury bills, to be issued February 8 , 1968, were not available. The results, now available, are:
Range of Accepted Competitive Bids

91-Day Treasury Bills
Maturing May 9,1968
Price

H i g h ........................ ............
Low ........................ ............
Average .................. ............

98.762a
98.739
98.747

182-Day Treasury Bills
Maturing August 8,1968

Approx. equiv.
annual rate

Approx. equiv.
annual rate

Price

4.898%
4.989%
4.957%!

97.442b
97.397
97.412

5.060%
5.149%
5.119%a

a Excepting one tender of $15,000.
b Excepting one tender of $15,000.
1 These rates are on a bank discount basis. The equivalent coupon issue yields are 5.10 percent for the 91-day bills, and
5.34 percent for the 182-day bills.

(93 percent of the amount of 91-day bills
bid for at the low price was accepted.)

(21 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 -Day Treasury Bills
Maturing May 9,1968
Accepted

Applied for

District

..................
New Y o r k .............. ..................
Philadelphia .......... ................
Cleveland .............. ..................
Richmond .............. ..................
Atlanta .................. ................
Chicago .................. ..................
St. L o u is ................ ................
Minneapolis .......... ................
Kansas City .......... ..................
Dallas .................... ................
San Francisco........ ................
T otal

...........

................

$

27,993,000
1,647,280,000
25,561,000
37,052,000
26,497,000
41,357,000
247,975,000
43,652,000
22,039,000
35,455,000
26,198,000
103,787,000

$2,284,846,000

182-Day Treasury Bills
Maturing August 8,1968

$

17,993,000
990,430,000
18,561,000
37,052,000
22,497,000
32,866,000
206,118,000
23,552,000
15,025,000
34,455,000
19,198,000
82,937,000

$1,500,684,000c

Applied for

$

Accepted

7,278,000
1,255,552,000
12,257,000
25,831,000
5,516,000
32,628,000
174,978,000
29,655,000
18,658,000
10,728,000
19,880,000
89,973,000

$1,682,934,000

$

7,278,000
688,902,000
4,257,000
20,831,000
5,516,000
27,628,000
109,978,000
20,055,000
16,158,000
10,728,000
13,880,000
74,968,000

$1,000,179,000d

c Includes $234,720,000 noncompetitive tenders accepted at the average price of 98.747.
d Includes $115,514,000 noncompetitive tenders accepted at the average price of 97.412.

,




A

lfred

H ayes,

President.