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FEDERAL RESERVE BANK OF N EW YORK Fiscal Agent of the United States f L Circular No. 6 4 1 8 1 October 7, 1969 J RESULTS OF BIDDING FOR 91-DAY AND 182-DAY TREASURY BILLS TO BE ISSUED OCTOBER 9, 1969 To A ll Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: A t the time of printing our Circular No. 6416, dated October 6, 1969, announcing an offering of 91-day and 182-day Treasury bills, to be issued October 16, 1969, the results o f bidding for the previous week’s offering of 91-day and 182-day Treasury bills, to be issued October 9, 1969, were not available. The results, now available, are: Range of Accepted Competitive Bids 91 -Day Treasury Bills Maturing January 8, 1970 Price H igh ........................................ L ow ........................... .............. Average ................. .............. 182-Day Treasury Bills Maturing April 9, 1970 Approx. equiv. annual rate 6.971% 7.069% 7.046% 1 98.238 98.213 98.219 Approx. equiv. annual rate Price 7.251% 96.334 a 96.300 96.315 7.319% 7.289% 1 a Excepting one tender of $3,000. 1 These rates are on a bank discount basis. The equivalent coupon issue yields are 7.27 percent for the 91-day bills, and 7.67 percent for the 182-day bills. (73 percent of the amount of 91-day bills bid for at the low price was accepted.) (33 percent of the amount of 182-day bills bid for at the low price was accepted.) Total Tenders Applied for and Accepted (B y Federal Reserve Districts) 91 -Day Treasury Bills Maturing January 8, 1970 District Applied for Boston ........................... ............ New Y ork .................... ............ Philadelphia ................ ............ Cleveland ....................... ............ Richmond ..................... ............ Atlanta ........................... ............ Chicago ......................... ............ St. Louis ....................... ............ Minneapolis .................. ............ Kansas C it y .................. ............ Dallas ............................. ............ San Francisco .............. ............ T o tal .............................. ............ $ 34,837,000 1,916,339,000 42,203,000 44,825,000 28,996,000 52,392,000 260,591,000 66,011,000 28,901,000 37,608,000 31,955,000 145,082,000 $2,689,740,000 182-Day Treasury Bills Maturing April 9, 19*70 Accepted $ 23,816,000 1,234,099,000 27,103,000 44,825,000 28,996,000 43,849,000 165,731,000 58,411,000 24,834,000 32,918,000 21,685,000 94,167,000 $1,800,434,000 b Applied for $ Accepted 9,523,000 1,487,839,000 20,758,000 51,629,000 23,343,000 44,664,000 148,668,000 36,930,000 19,889,000 27,426,000 27,583,000 122,814,000 $ $2,021,066,000 9,523,000 801,137,000 10,758,000 51,129,000 23,333,000 42,864,000 110,736,000 34,860,000 15,389,000 27,426,000 22,583,000 50,372,000 $1,200,110,000 t>Includes $450,329,000 noncompetitive tenders accepted at the average price of 98.219. c Includes $269,521,000 noncompetitive tenders accepted at the average price of 96.315. A lfred H a y e s, President.
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