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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States r Circular No. 7 0 1 1"1 L October 3, 1972 J Results of Bidding for 91-Day and 182-Day Treasury Bills (To Be Issued October 5, 1972) To A ll Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve D istrict: At the time of printing our Circular No. 7009, dated September 29, 1972, announcing an offering of 91-day and 182-day Treasury bills, to be issued October 12, 1972, the results of bidding for the previous offering of 91-day and 182-day Treasury bills, to be issued October 5, 1972, were not available. The results, now available, are: Range of Accepted Competitive Bids 9 1 -Day Treasury Bills Maturing January 4,1973 182 -Day Treasury Bills Maturing April 5 , 1973 Price . Price Approx. equiv. annual rate 98.852 98.831 98 837 High .......................................... L o w ........................................... Average ................................... Approx. equiv. annual rate 4.542% 4.625% 4.601%1 97.434 97.420 97.431 5.076% 5.103% 5.082%* 1These rates are on a bank discount basis. The equivalent coupon issue yields are 4.72 percent for the 91-day bills, and 5.29 percent for the 182-day bills. (2 percent of the amount of 182-day bills (96 percent of the amount of 91-day bills bid for at the low price was accepted.) bid for at the low price was accepted.) Total Tenders Applied for and Accepted (By Federal Reserve Districts) 182 -Day Treasury Bills Maturing April 5, 1973 91 -Day Treasury Bills Maturing January 4,1973 Boston ........... New York ..... Philadelphia .. Cleveland ....... Richmond ..... Atlanta ........... Chicago ......... St. Louis ....... Minneapolis Kansas City Dallas ............ San Francisco T otal ...... $ 27,945,000 2,941,345,000 35,115,000 19,375,000 10,425,000 13,335,000 293,300,000 51,585,000 49,440,000 31,535,000 35,305,000 129,715,000 $3,638,420,000 $ 13,945,000 1,839,825,000 15,115,000 19,195,000 8,425,000 12,235,000 174,860,000 42,335,000 42,320,000 20,000,000 15,305,000 96,795,000 $2,300,355,000a Accepted Applied for Accepted Applied for D istrict $ $ 16,340,000 3,005,760,000 26,645,000 41,590,000 13,120,000 13,885,000 252,275,000 53,335,000 42,315,000 31,725,000 34,365,000 150,435.000 1,140,000 1,618,235,000 6, 120,000 10,700,000 5,120,000 8,285,000 72,090,000 29,335,000 7,455,000 14,060,000 10,305,000 17,210,000 $l,800,055,000b $3,681,790,000 alncludes $178,105,000 noncompetitive tenders accepted at the average price of 98.837. '’Includes $100,835,000 noncompetitive tenders accepted at the average price of 97.431. A lfred H a yes, President.
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