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FE D E R A L R ESER V E BANK OF NEW Y O R K Fiscal A gent of the U nited States Circular No. 6 6 3 2 "1 L November 4, 1970 J r R ESU LTS O F B ID D IN G FO R 91-DAY AND 182-DAY T R E A SU R Y BILLS TO BE ISSU ED N O V E M B E R 5, 1970 To A ll Incorporated Banks and T ru st Companies, and O thers Concerned, in the Second Federal R eserve D istric t: A t the tim e of printing our C ircular No. 6630, dated N ovem ber 2, 1970, announcing an offering of 91-day and 182-day T reasu ry bills, to he issued N ovem ber 12, 1970, the results of bidding for the previous offering of 91-day and 182-day T reasu ry bills, to be issued Novem ber 5, 1970, were not available. T he results, now available, a re : R ange of A ccepted C om petitive Bids 91-Day Treasury Bills Maturing February 4, 1971 182-Day Treasury Bills Maturing May 6 , 1971 P rice A p p ro x . equiv. annual rate P rice A pprox. equi annual rate 98.577 5.629% 97.114 5.709% H igh -------------- _________ Low ______________ _________ 98.568 5.665% 97.078 5.780%. Average _________ 98.571 5.653% 1 97.082 5.772% 1 1 These rates are on a bank discount basis. The equivalent coupon issue yields are 5.81 percent for the 91-day bills, and 6.03 percent for the 182-day bills. (88 percent of the am ount of 91-day bills bid for at the low price was accepted.) (89 percent of the am ount of 182-day bills hid for at the low price was accepted.) T o tal T en d ers A p p lie d fo r and A ccepted (By F ed e ra l Reserve D istricts) 182-Day Treasury Bills Maturing May 6,1971 91-Day Treasury Bills Maturing February 4, 1971 D istric t B oston ------ --------- $ New Y ork Philadelphia Cleveland ____ ___ Richm ond _____ ___ _ 39,465,000 A pplied for A ccepted A pplied for $ 21,140,000 $ Accepted 19,765,000 $ 7,955,000 2,475,030,000 1,436,905,000 1,869,775,000 40,220,000 22,925,000 10,605,000 8,525,000 46,835,000 30,345,000 48,920,000 39,320,000 15,370,000 15,370,000 22,410,000 16,190,000 16,675,000 1,067,340,000 A tlanta -------------------- 40,705,000 16,940,000 34,875,000 Chicago ________ _____ 197,415,000 118,090,000 194,320,000 131,405.000 St. L o u i s ____________ 47,505,000 28,305,000 31,410,000 18,310,000 M inneapolis _________ _____ 38,140,000 8,590,000 30,810,000 11,810,000 K ansas City -------------- 32,110,000 24,660.000 21,635,000 17,410,000 Dallas ______________ 29,240,000 15,740,000 28,760,000 15,260,000 199,245,000 61,930,000 132,570,000 50,105,000 San Francisco --------- T o t a l s ____________ _____ $3,201,280,000 $1,800,940,000“ $2,445,855,000 $ 1,400,305,000b :l Includes $310,955,000 noncompetitive tenders accepted at the average price of 98.571. b Includes $199,245,000 noncompetitive tenders accepted at the average price of 97.082. A lfred H ayes, President.
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