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FE D E R A L R ESER VE BAN K O F N EW YORK Fiscal A gent of the U nited States r C ircular No. 7 0 4 5 1 L Novem ber 24, 1972 J Results of Treasury’s Monthly B ill Offering To A ll Incorporated B anks and T rust Companies, and Others Concerned, in the Second Federal Reserve D istrict: T he follow ing statem en t w as issued by the T re a su ry D ep artm en t and released a t 6 :30 p.m., N ovem ber 22: The Treasury Department announced that the tenders for $1,800,000,000, or thereabouts, of 355-day Treasury bills to be dated November 30, 1972, and to mature November 20, 1973, which were offered on November 15, 1972, were opened at the Federal Reserve Banks today. The details of this issue are as follows: Range of Accepted Competitive Bids High .... 94.872 Approximate equivalent annual rate 5.200% per annum L o w ..... 94.824 Approximate equivalent annual rate 5.249% per annum Average 94.847 Approximate equivalent annual rate 5.226% per annum 1 1 T h is is on a bank d iscou n t basis. T h e eq u ivalen t coupon issu e yield is 5.51 percent. (63 percent of the amount bid for at the low price was accepted.) Total Tenders Applied for and Accepted (By Federal Reserve Districts) Federal Reserve D istrict Boston ................................................ ....... New York ........................................ ....... Philadelphia ...................................... ....... Cleveland .......................................... ....... Richmond .......................................... Atlanta .............................................. Chicago .............................................. St. L o u is............................................ ....... Minneapolis ...................................... ....... ....... ....... San Francisco .................................. Total .................................. ....... Total accepted Total applied for $ $ 50,590,000 2,911,040,000 38,905,000 27,135,000 1,750,000 19,190,000 487,350,000 24,105,000 25,010,000 26,225,000 38,900,000 149,025,000 7,740,000 1,623,355,000 6,405,000 7,135,000 750,000 3,190,000 87,750,000 3,105,000 4,410,000 3,725,000 3,900,000 48,775,000 $1,800,240,000: $3,799,225,000 a Includes $27,615,000 entered on a noncompetitive basis and accepted in full at the average price shown above. A lfred H ayes, President.
@FedFRASER