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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States f Circular No. 6 9 9 5 " 1 L August 29, 1972 J Results of Bidding for 91-Day and 182-Day Treasury Bills (To Be Issued August 31, 1972) To A ll Incorporated B anks and T ru st Companies, and O thers Concerned, in the Second F ederal R eserve D istric t: At the time of printing our Circular No. 6993, dated August 25, 1972, announcing an offering of 91-day and 182-day Treasury bills, to be issued September 7, 1972, the results of bidding for the previous offering of 91-day and 182-day Treasury bills, to be issued August 31, 1972, were not available. The results, now available, are: Range of Accepted Competitive Bids 91-Day Treasury Bills Maturing November 3 0 ,1 97 2 P rice High .......................... ............ L o w ............................ ............ Average .................... ............ 98.918a 98.894 98.905 182-Day Treasury Bills Maturing March 1 ,1 9 7 3 A p p ro x . equiv. annual rate P rice A p p ro x . equiv. annual rate 4.280% 4.375% 4.332%! 97.584 97.546 97.564 4.779% 4.854% 4.818%! 4 Excepting one tender of $100,000. 1 These rates are on a bank discount basis. The equivalent coupon issue yields are 4.44 percent for the 91-day bills, and 5.10 percent for the 182-day bills. (68 percent of the amount of 91-day bills bid for at the low price was accepted.) (11 percent of the amount of 182-day bills bid for at the low price was accepted.) Total Tenders Applied for and Accepted (By Federal Reserve Districts) 91 -Day Treasury Bills Maturing November 3 0 ,1 97 2 D istric t T otal A ccepted A pplied for B oston .......................... New Y o r k .................... Philadelphia ................ Cleveland .................... R ich m on d .................... Atlanta ........................ C h icago........................ St. L o u is ...................... Minneapolis ................ Kansas C i t y ................ Dallas .......................... San Francisco.............. ......................... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... $ 27,250,000 3,176,945,000 51,280,000 20,665,000 7,745,000 35,885,000 189,510,000 40,430,000 29,915,000 35,270,000 42,440,000 93,850,000 .......... $3,751,185,000 182-Day Treasury Bills Maturing March 1 ,1 9 7 3 $ 12,250,000 1,998,645,000 11,280,000 20,665,000 7,745,000 24,605,000 98,990,000 31,610,000 14,915,000 25,150,000 18,800,000 36,210,000 $2,300,865,000b A p p lied for $ A ccepted 18,380,000 2,880,495,000 10,080,000 45,375,000 3,105,000 30,325,000 200,685,000 29,780,000 27,490,000 36,020,000 29,465,000 171,875,000 $ $3,483,075,000 3,380,000 1,522,935,000 10,080,000 25,255,000 3,105,000 13,255,000 94,905,000 16,780,000 9,490,000 22,935,000 7,465,000 70,995,000 $1,800,580,000' b Includes $163,975,000 noncompetitive tenders accepted at the average price of 98.905. c Includes $71,725,000 noncompetitive tenders accepted at the average price of 97.564. A lfred H a yes, President.
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