The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States r Circular No. 6 8 5 71 December 9, 1971 J RESULTS OF TREASURY’ S OFFER OF $2 BILLION OF JUNE TAX BILLS To' A ll Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: The follow ing statement was issued by the Treasury Department and released at 6:3 0 p.m., yesterday: The Treasury Department announced that the tenders for $2,000,000,000, or thereabouts, of 191-day Treasury tax anticipation bills to be dated December 13, 1971, and to mature June 21, 1972, which were offered on December 2, 1971, were opened at the Federal Reserve Banks today. The details of this issue are as follows: Total applied for .. $4,373,155,000 Total accepted ..... $2,000,805,000 (Includes $250,905,000 entered on a non competitive basis and accepted in full at the average price shown below) Range of accepted competitive bids: High ............. ...... 97.761 Equivalent rate of discount approx. 4.220% per annum ................... 97.716 Equivalent rate of discount approx. 4.305% per annum Average ............. 97.733 Equivalent rate of discount approx. 4.273% per annum1 Low iT h is is on a bank discount basis. The equivalent coupon issue yield is 4.44 percent. (100 percent of the amount bid for at the low price was accepted.) Federal Reserve District Total applied for Boston ........................................................$ 176,050,000 New York ................................................ 2,066,000,000 Philadelphia ............................................. 125,300,000 Cleveland ................................................. 145,020,000 Richmond .................................................. 40,320,000 Atlanta ...................................................... 52,925,000 Chicago .......................... ........................... 492,830,000 St. L o u is .................................................... 85,255,000 Minneapolis ............................................. 739,925,000 Kansas City .............................. .............. 146,220,000 Dallas ........................................................ 60,110,000 San Francisco ...................................... .. 243,200,000 Total ......................................... Total accepted $ 84,050,000 355,500,000 39,300,000 93,520,000 26,620,000 49,625,000 253,830,000 50,155,000 738,925,000 133,220,000 19,060,000 157,000,000 $4,373,155,000 $2,000,805,000 A lfr ed H ayes, President.
@FedFRASER