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FEDERAL RESERVE BANK OF N EW YORK Fiscal Agent of the United States [ Circular No. 6 8 1 9 October 19, 1971 RESULTS OF BIDDING FOR 91-DAY AND 182-DAY TREASURY BILLS (TO BE ISSUED OCTOBER 21, 1971) To A ll Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: At the time of printing our Circular No. 6816, dated October 15, 1971, announcing an offering of 91-day and 182-day Treasury bills, to be issued October 28, 1971, the results of bidding for the previous offering of 91-day and 182-day Treasury bills, to be issued October 21, 1971, were not available. The results, now available, are: Range of Accepted Competitive Bids 91-Day Treasury Bills Maturing January 20,1972 Price High ............................................ Low .............................................. A v era g e ........................................ 98.875 98.855 98.864 i These rates are on a bank discount basis. 4.82 percent for the 182-day bills. 182-Day Treasury Bills Maturing April 20,1972 A pprox. equiv. annual rate Price 4.451% 4.530% 4.494%! Approx. equiv. annual rate 97.662 97.644 97.657 4.625% 4.660% 4.635%* The equivalent coupon issue yields are 4.62 percent for the 91-day bills, and (62 percent of the amount of 182-day bills bid for at the low price was accepted.) (82 percent of the amount of 91-day bills bid for at the low price was accepted.) Total Tenders Applied for and Accepted (By Federal Reserve Districts) 182-Day Treasury Bills Maturing April 20,1972 91-Day Treasury Bills Maturing January 20,1972 Applied for District Boston ................................ New Y o r k .......................... Philadelphia ...................... Cleveland............................ Richmond .......................... Atlanta................................ Chicago .............................. St. L o u is ............................ Minneapolis........................ Kansas C it y ........................ D allas.................................. San Francisco.................... ........ ........ ........ ........ ........ ........ ........ ........ ........ ........ ........ ........ $ ..................... ........ $3,514,530,000 T otal 21,770,000 2,727,820,000 33,215,000 33,280,000 11,700,000 58,925,000 243,990,000 65,030,000 41,090,000 40,630,000 37,430,000 199,650,000 Applied for Accepted $ 11,770,000 1,737,580,000 18,215,000 32,055,000 11,700,000 52,205,000 141,190,000 38,680,000 31,090,000 36,270,000 15,630,000 173,640,000 $2,300,025,000a $ 12,235,000 2,585,430,000 5,140,000 12,820,000 8,280,000 28,910,000 218,410,000 43,790,000 24,475,000 34,920,000 30,225,000 270,060,000 Accepted $ $3,274,695,000 2,035,000 1,439,230,000 4,740,000 12,250,000 2,740,000 11,610,000 37,070,000 18,590,000 10,475,000 9,990,000 8,225,000 43,145,000 $1,600,100,000b a Includes $266,035,000 noncompetitive tenders accepted at the average price of 98.864. b Includes $105,950,000 noncompetitive tenders accepted at the average price of 97.657. A lfred H ayes, President.
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