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FED ER AL RESERVE BANK O F NEW YORK Fiscal Agent of the United States r Circular N o. 6 1 9 2 1 L July 25, 1968 J 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 p.m., 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 April 30, 1968, and the other series to be dated July 31, 1968, which were offered on July 18, 1968, were opened at the Federal Reserve Banks today. Tenders were invited for $500,000,000, or thereabouts, of 273-day bills and for $1,000,000,000, or thereabouts, of 365-day bills. The details of the two series are as follows: Range of Accepted Competitive Bids 273-Day Treasury Bills Maturing A pril 30, 1969 High ................. Low .................. Average ............... 365-Day Treasury Bills Maturing July 31, 1969 Price Approx. equiv. annual rate Price Approx. equiv. annual rate 95.958 95.944 95.949 5.330% 5.349% 5.342%! 94.629 94.608 94.617 5.297% 5.318% S.309%1 1 These rates are on a bank discount basis. The equivalent coupon issue yields are 5.59 percent for the 273-day bills, and 5.61 percent for the 365-day bills. (46 percent of the amount of 273-day bills bid for at the low price was accepted.) (57 percent of the amount of 365-day bills bid for at the low price was accepted.) Total Tenders Applied for and Accepted (By Federal Reserve Districts) 273-Day Treasury Bills Maturing April 30, 1969 District Applied for Accepted 365-Day Treasury Bills Maturing July 31, 1969 Applied for Boston.............. $ 21,000$ 21,000 $ 10,560,000 $ New Y o r k ........... 1,373,671,000468,771,000 2,009,571,000 Philadelphia.......... 4,838,000 838,000 12,703,000 Cleveland ........... 33,138,000 2,138,000 64,915,000 Richmond ........... 10,196,000 196,000 11,534,000 Atlanta ............. 11,725,000 925,000 24,959,000 Chicago ............. 199,757,000 8,257,000 426,277,000 St. Louis............ 38,870,000 13,370,000 52,393,000 Minneapolis .......... 13,749,000 749,000 13,670,000 Kansas City ......... 11,735,000 2,735,000 12,358,000 Dallas .............. 11,585,000 1,585,000 11,807,000 San Francisco ........ 131,859,000 859,000 294,135,000 T otal ............ $1,841,144,000 $500,444,000* $2,944,882,000 Accepted 560 000 856 442000 1703000 2 505 000 1 534 000 3 594 000 119 870 000 3793000 670 000 3 358 000 1 807 000 5*085 000 $1,000,921,000b a Includes $15,791,000 noncompetitive tenders accepted at the average price o f 95.949. b Includes $38,627,000 noncompetitive tenders accepted at the average price o f 94.617. A lfred H ayes, President.
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