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FED ER AL RESERVE BANK O F NEW YORK Fiscal Agent of the United States r Circular N o. 7067*1 L December 26, 1972 J Results of Bidding for 91-Day and 182-Day Treasury Bills (To Be Issued December 28, 1972) To A ll Incorporated B anks and T rust Companies, and Others Concerned, in the Second Federal Reserve D istrict: At the time of printing our Circular No. 7064, dated December 22, 1972, announcing an offering of 91-day and 182-day Treasury bills, to be issued January 4, 1973, the results of bidding for the previous offering of 91-day and 182-day Treasury bills, to be issued December 28, 1972, were not available. The results, now available, are: Range of Accepted Competitive Bids 91-Day Treasury Bills Maturing March 2 9 ,1 97 3 182-Day Treasury Bills Maturing June 28,1 97 3 Price 98.712 98.701 98.708 High .......................... .......... Low ............................ .......... Average ...................... .......... A pprox. equiv. annual rate 5.095% 5.139% s.111% 1 A pprox. equiv. annual rate Price 5.277% 5.323% 5.313% 1 97.332 a 97.309 97.314 a Excepting one tender of $140,000. 1 These rates are on a bank discount basis. The equivalent coupon issue yields are 5.25 percent for the 91-day bills, and 5.54 percent for the 182-day bills. (20 percent of the amount of 91-day bills bid for at the low price was accepted.) (96 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 March 29,1 97 3 D istrict T otal Accepted Applied for Boston .......................... New Y o r k .................... Philadelphia ................ Cleveland .................... Richmond .................... Atlanta ........................ Chicago ........................ St. Louis ...................... Minneapolis ................ Kansas City ................ Dallas .......................... San F ra n cisco.............. ........ ........ ........ ........ ........ ........ ........ ........ ........ ........ ........ ....................... .......... $ 24,475,000 2,924,610,000 14,710,000 55,480,000 53,670,000 11,405,000 249,110,000 65,395,000 27,455,000 35,990,000 118,870,000 116,830,000 $3,698,000,000 182-Day Treasury Bills Maturing June 28,1 97 3 $ A ccepted Applied for 9,225,000 1,971,025,000 10,870,000 24,995,000 28,670,000 10,485,000 114,290,000 41,920,000 8,375,000 22,175,000 95,270,000 63,030,000 $ 42,310,000 2,683,485,000 24,590,000 42,950,000 40,330,000 14,795,000 434,115,000 47,625,000 15,735,000 31,845,000 31,900,000 133,660,000 $ $2,400,330,000 b $3,543,340,000 $1,900,370,000 2,210,000 1,565,170,000 3,535,000 7,785,000 5,330,000 11,505,000 226,560,000 27,375,000 4,535,000 14,835,000 6,670,000 24,860,000 b Includes $177,550,000 noncompetitive tenders accepted at the average price of 98.708. c Includes $101,810,000 noncompetitive tenders accepted at the average price of 97.314. A lfred H ayes, President.
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