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FED ER AL RESERVE BANK O F NEW YORK Fiscal Agent of the United States J Circular No. 6962~l " L June 26, 1972 J Results of Treasury’s 9-Month and 12-Month Bill Offerings To A ll Incorporated B anks and T ru st Companies, and Others Concerned, in the Second Federal Reserve D istrict: T he follow ing statem en t w as issued by the T rea su ry D ep artm en t and released a t 6 :3 0 p.m., Ju n e 23: T h e T re a s u ry D e p a rtm e n t an n o u n c ed th a t th e te n d e rs fo r tw o series of T re a s u ry bills, one series to be a n a d d itio n a l issue of th e bills d ated M a rc h 31, 1972, an d th e o th e r series to be d ated J u n e 30, 1972, w hich w ere offered on J u n e 19, 1972, w ere opened a t th e F e d e ra l R e serv e B a n k s today. T e n d e rs w ere in v ited fo r $500,000,000, o r th e re ab o u ts, of 2 74-day bills an d fo r $1,200,000,000, o r th e re ab o u ts, of 365-day bills. T h e de ta ils of th e tw o series a re as fo llo w s : R a n g e o f A c c e p te d C o m p e titiv e B id s 274 -D y T a reasuryB ills M aturingM 3 1 , 1973 arch 3 6 5 -D y T a reasuryB ills M aturingJune 3 0 , 1973 Price 4.6 79 % 4 .8 0 0 % 4 .7 5 4 % 1 A pprox. equiv. annual rate Price 96.439 96.347 96.382 H ig h ............................. L o w ............................... A v e r a g e ........................ A pprox. equiv. annual rate 95.155a 95.011 95.079 4.7 79 % 4.9 2 1 % 4 .8 5 4 % 1 aExcepting one tender of $285,000. iThese rates are on a bank discount basis. The equivalent coupon issue yields are 4.96 percent for the 274-day bills, and 5.11 percent for the 365-day bills. ( 5 9 p e rc e n t of th e a m o u n t of 2 74-day bills bid fo r a t th e low p rice w as a c ce p te d .) (5 5 p erc en t of th e am o u n t o f 3 6 5 -d ay bills bid fo r a t th e low p rice w as ac cep ted .) T o ta l T e n d e rs A p p lie d f o r a n d A c c e p te d (B y F e d e r a l R e se rv e D is tric ts ) 274 -D y TreasuryB a ills M aturingM 3 1 , 1973 arch D istrict Applied for B o sto n ........................ ....... N e w Y o rk ................. ....... P h ila d e lp h ia ............... C leveland ................... R ich m o n d ................. A tla n ta ........................ C hicago ...................... S t. L o u is .................... M in n e ap o lis ............... K a n sa s C i t y ............... D allas ........................... S an F ra n cisc o .......... T otal ..................... ....... $ 1,025,000 1,024,310,000 1,060,000 1,275,000 200,000 7,665,000 142,215,000 7,210,000 15,200,000 11,425,000 23,010,000 46,665,000 $1,281,260,000 -D yT a reasuryB ills M aturingJune 3 0 , 1973 365 Applied for Accepted $ 25,000 393,090,000 1,060,000 1,275,000 200,000 2,665,000 52,915,000 5,210,000 3,380,000 8,605,000 18,010,000 13,565,000 $500,000,000b $ Accepted 5,360,000 1,566,405,000 4,610,000 26,915,000 490,000 7,330,000 230,720,000 10,320,000 15,420,000 13,530,000 24,470,000 54,475,000 $ $1,960,045,000 2,360,000 908,405,000 4,610,000 21,915,000 490,000 2,330,000 175,220,000 10,320,000 7,420,000 13,530,000 21,470,000 31,975,000 $1,200,045,000® ^Includes $10,760,000 noncompetitive tenders accepted at the average price of 96.382. ^Includes $28,885,000 noncompetitive tenders accepted at the average price of 95.079. A lfred H a y es, P resident.
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