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FEDERAL RESERVE BANK
O F NEW YORK
Fiscal A g en t o f th e U n ite d S tates

rCircular No. 6963
June 27, 1972

Results of Bidding for 91-Day and 182-Day Treasury Bills
(To Be Issued June 29, 1972)
To A ll Incorporated Banks and Trust Companies, and Others
Concerned, in the Second Federal Reser\’e District:

A t the tim e of p rin tin g o u r C irc u la r No. 6961, d a te d Ju n e 23, 1972, an n o u n c in g an offering o f 9 1-day an d
182-day T reasury bills, to be issued July 6, 1972, th e resu lts o f b id d in g for th e previous offering o f 9 1 -day an d
182-day T reasury bills, to be issued Ju n e 29, 1972, w ere n o t av a ila b le . T h e resu lts, now available, are:
R an g e o f A ccep ted C o m p e titiv e B ids

91-D y T ryB
a reasu ills
M
aturing Septem 28, 1972
ber
Approx. equiv.
annual rate

Price

H i g h .......................
Low ....................... .........
A v e r a g e ................

1 a T su > ills
82-D y rea ry B
M
aturingD ber28. 1972
ecem

98.996
98.975
98.983

Approx. equiv.
annual rate

Price

3.972%
4.055%
4 .0 2 3 % 1

97.754 a
97.714
97.733

4.443%
4.522%
4 .4 8 4 % 1

a Excepting one tender of $ 1,000.000.
l These rates are on a bank discount basis. The equivalent coupon issue yields are 4.12 percent for the 91 -day bills, and 4.65 percent for
the 182-day bills.

(47 percent o f th e a m o u n t o f 9 1 -d ay bills
bid for at th e low p rice w as a c c e p te d .)

(59 p erc en t o f th e a m o u n t o f 182-day bills
b id for at th e low price was ac ce p te d .)

T otal T e n d e rs A pp lied fo r a n d A cc ep te d (By F e d e ra l R eserve D istricts)

91-D y TreasuryB
a
ills
M
aturingSeptem 28, 1972
ber
D istrict

B o s t o n ...................
N ew Y o rk ...........
P h ila d e lp h ia
C le v e la n d ..............
R i c h m o n d ............
A tla n ta ...................
C h i c a g o ................
St. L ouis ..............
M in n e a p o lis .........
K a n sa s C i t y .........
D a lla s .....................
S an F ra n cisc o
T o ta l ..............

A pplied for

.........
.........
.........
.........
., .

.........

$

25,620,000
2.967,820,000
10,825,000
51,335,000
5,825,000
30.980,000
212,300.000
43,010.000
32,615,000
34.405.000
31,700.000
90.580.000

$3,537,015,000

182-D y T su B
a rea ry ills
M
aturing D ber28, 1972
ecem
A pplied for

A ccepted

$

13,620.000
1.946.920.000
10.825.000
28,335,000
5,825,000
15,320,000
127,650.000
35,480,000
21.495.000
23.880 000
9.700.000
61.225,000

$ 2 .3 0 0,275.000b

$

18,505,000
2.445,565.000
25,310.000
21.115,000
8.905.000
28,620.000
158,670,000
23,600.000
44,835,000
21.145,000
22.415.000
135.355.000

$2,954,040,000

A ccepted

$

2.005.000
1.507,495.000
15.310.000
21.115.000
3.905.000
11.215.000
^4.915.000
15.600.000
35,835.000
11.145.000
'’.415.000
104,355.000

$1,800,310,000'

b Includes S169.615.000 noncompetitive tenders accepted at the average price of 98.983.
c Includes $88,495,000 noncompetitive tenders accepted at the average price of 97.733.




A L F R E D H A YES,

P
resident.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102