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FEDERAL RESERVE BANK O F NEW YORK Fiscal Agent of the United States r Circular No. 7 0 5 2"1 L December 12, 1972 J Results of Bidding for 91-Day and 182-Day Treasury B ills (To Be Issued December 14, 1972) To A ll Incorporated B anks and T ru st Companies, and Others Concerned, in the Second Federal Reserve D istrict: At the time of printing our Circular No. 7051, dated December 8, 1972, announcing an offering of 91-day and 182-day Treasury bills, to be issued December 21, 1972, the results of bidding for the previous offering of 91-day and 182-day Treasury bills, to be issued December 14, 1972, were not available. The results, now available, are: Range of Accepted Competitive Bids 9 1 -Day Treasury Bills Maturing March 15, 1973 High .......................................... L o w ............................................ Average .................................... Price A pprox. equiv. annual rate 98.713 98.707 98.711 5.091% 5.115% 5.099% 1 182 -D ay Treasury Bills Maturing June 14 , 1973 A pprox. equiv. annual rate Price 97.326a 97.304 97.316 5.289% 5.333% 5.309% 1 a Excepting one tender of $600,000. 1 These rates are on a bank discount basis. The equivalent coupon issue yields are 5.24 percent for the 91-day bills, and 5.53 percent for the 182-day bills. (61 percent of the amount of 91-day bills bid for at the low price was accepted.) (17 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) 9 1 -Day Treasury Bills Maturing March 15, 1973 D istrict T otal Accepted Applied for Boston ......................... ........... New York ................... ........... Philadelphia ............... ........... Cleveland ..................... ........... Richmond ................... ........... Atlanta ......................... ........... Chicago ....................... ........... St. Louis ..................... ........... Minneapolis ................. ........... Kansas C ity ................. ........... Dallas ........................... ........... San Francisco ............. ........... ............................ ........... $ 31,105,000 3,428,995,000 49,790,000 59,745,000 42,215,000 24,465,000 294,155,000 54,120,000 29,340,000 42,525.000 21,115,000 391,140,000 $4,468,710,000 182 -Day Treasury Bills Maturing June 14 , 1973 $ 10,690,000 1,925,800,000 9,805,000 21,220,000 15,730,000 10,975,000 109,780,000 28,660,000 6,835,000 18,900,000 8,840,000 233,320,000 $2,400,55 5,000b Accepted Applied for $ 48,225,000 2,360,435,000 30,025,000 95,425,000 36,140,000 20,795,000 406,625,000 54,250,000 22,330,000 36,840,000 28,380,000 111,650,000 $3,251,120,000 $ 23,225,000 1,448,385,000 5,025,000 36,475,000 16,740,000 14,550,000 266,205,000 25,780,000 10,330,000 21,035,000 12,750,000 20,350,000 $1,900,850,000' b Includes $188,940,000 noncompetitive tenders accepted at the average price of 98.711. c Includes $118,440,000 noncompetitive tenders accepted at the average price of 97.316. A lfr ed H a y e s, President.
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