View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FED ERAL R ESERVE BANK O F N E W YORK
Fiscal Agent of the United States
I"Circular No. 6 9
L
July 2 6 , 1972

7 81
-J

Results of Treasury’s 9-Month and 12-Month Bill Offerings
To A ll Incorporated Banks and Trust Companies, and Others
Concerned, in the Second Federal Reserve D istrict:

The following statem ent was issued by the T reasury D epartm ent and released at 6:30 p.m.
yesterday:
T he T reasury D epartm ent announced that the tenders for tw o series of Treasury bills, one series to be
an additional issue of the bills dated A pril 30, 1972, and the other series to be dated July 31, 1972, which
w ere invited on July 19, 1972, w ere opened at the Federal R eserve Banks today. Tenders were invited for
$500,000,000, or thereabouts, of 273-day bills and for $1,200,000,000, or thereabouts, of 365-day bills. T he de­
tails of the tw o series are as fo llo w s:

Range of Accepted Competitive Bids
2y3-Day Treasury Bills
Maturing April 30, 1973
Price

H i g h ............................. ...............
L ow ............................. ...............
A verage ...................... ...............

Approx. equiv.
annual rate

96.428
96.392
96.412

365-Day Treasury Bills
Maturing July 3 1, 1973

4.710%
4.758%
4.731% !

Approx. equiv.
annual rate

Price

4.889%
4.929%
4.918% !

95.043
95.003
95.014

^ h e s e rates are on a bank discount basis. The equivalent coupon issue yields are 4.94 percent for the 273-day bills, and
5.18 percent for the 365-day bills.

(6 percent of the amount of 273-day bills
bid for at the low price w as accepted.)

(6 9 percent of the amount of 365-day bills
bid for at the low price w as accepted.)

Total Tenders Applied for and Accepted

(B y

Federal Reserve Districts)

273-Day Treasury Bills
Maturing April 30, 19 7 3
D istrict

Applied for

Boston ........................ .......
N ew Y ork ................. .......
P h ila d e lp h ia ...............
Cleveland ...................
Richm ond .................
A tlanta ........................
Chicago ......................
St. L ouis ...................
M inneapolis ...............
K ansas C i t y ...............
D allas ...........................
San Francisco ..........
T

otal

...................

$

15,125,000
1,241,020,000
1,525,000
450,000
5,390,000
12,620,000
141,835,000
6,000,000
16,500,000
13,570,000
23,635,000
47,900,000

$1,525,570,000

365-Day Treasury Bills
Maturing July 3 1 , 19 7 3

$

125,000
408,500,000
1,525,000
450,000
3,390,000
2,260,000
60,075,000
3,500,000
450,000
2,570,000
1,635,000
15,600,000

$ 500,080,000a

Accepted

Applied for

Accepted

$

$

30,735,000
2,276,365,000
58,830,000
6,645,000
12,030,000
19,380,000
263,945,000
14,315,000
15,960,000
17,085,000
24,305,000
109,685,000

$2,849,280,000

585,000
1,108,345,000
1,550,000
1,645,000
1,030,000
2,380,000
47,575,000
4,395,000
960,000
2,865,000
1,955,000
27,215,000

$1,200,500,000*

^Includes $15,965,000 noncompetitive tenders accepted at the average price of 96.412.
^Includes $30,670,000 noncompetitive tenders accepted at the average price of 95.014.




A

lfred

H

ayes,

President.

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