The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
F E D E R A L R ESER VE B AN K O F N E W YORK F isc a l A g e n t of th e U n ite d S tates r Circular No. 6 6 1 2 ~ l L October 6, 1970 J R E S U L T S O F B ID D IN G F O R 91-DAY A N D 182-DAY T R E A S U R Y BILLS TO B E ISSU ED O C T O B E R 8, 1970 T o A ll In corporated B an ks and T ru st Companies, and O thers Concerned, in the Second F ederal R e se rv e D istric t: A t the tim e of p rin tin g o u r C ircular N o. 6611, dated O ctober 2, 1970, announcing an offering of 91-day and 182-day T reasu ry bills, to be issued O ctober 15, 1970, the results of bidding for the previous offering of 91-day and 182-day T re a su ry bills, to be issued O ctober 8, 1970, were not available. T he results, now available, a re : R an g e of A ccep ted C o m p etitiv e B ids 91 -Day Treasury Bills M aturing January 7,1971 H i g h ........................... .............. L ow ........................... .............. A verage .................... .............. 182-Day Treasury Bills M aturing A pril 8,1971 Price Approx. equiv. annual rate Price Approx. equiv. annual rate 98.506 98.457 98.477 5.910% 6.104% 6.025% ! 96.780 96.746 96.758 6.369% 6.436% 6.413% ! 1 These rates are on a bank discount basis. The equivalent coupon issue yields are 6.20 percent for the 91-day bills, and 6.72 percent for the 182-day bills. (23 percent of the am ount of 91-day bills bid for at the low price was accepted.) (50 percent of the am ount 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 January 7,1971 District Applied for Boston ........................................... N ew Y o r k .................................... Philadelphia ................................ Cleveland .................................... R ichm ond .................................... A tlanta ......................................... Chicago .................................... S t Louis .................................... M inneapolis ................................ K ansas City ............................. D allas .................... San F rancisco ........................... T o t a l ............................. $ 25,010,000 1,831,305,000 35,900,000 36,270,000 34,020,000 35,655,000 165,615,000 49,805,000 32,920,000 30,340,000 32,730,000 137,645,000 $2,447,215,000 182-Day Treasury Bills M aturing A pril 8,1971 Accepted $ 15,010,000 1,238,605,000 21,900,000 36,270,000 34,020,000 33,655,000 161,765,000 47,805,000 32,920,000 30,340,000 26,730,000 121,105,000 $1,800,125,000a $ Applied for Accepted 19,665,000 1,976,025,000 9,110,000 34,925,000 24,520,000 43,600,000 134,495,000 31,585,000 22,665,000 25,120,000 30,935,000 207,155,000 $ 8,685,000 1,066,135,000 9,110,000 32,025,000 12,270,000 23,760,000 70,495,000 23,235,000 10,665,000 24,560,000 17,935,000 101,355,000 $2,559,800,000 $1,400,230,000b a Includes $332,930,000 noncompetitive tenders accepted at the average price of 98.477. b Includes $237,850,000 noncompetitive tenders accepted at the average price of 96.758. A lfred H a y es, President.
@FedFRASER