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FED ER AL RESERVE BANK O F NEW YORK Fiscal Agent of the United States r C ir c u la r N o. 7 0 6 9 1 L D e cem b er 2 7 , 1972 J Results of Treasury’s Monthly Bill Offering To All Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: The following statem ent was issued by the T reasury D epartm ent and released at 6:30 p.m., yesterday: The Treasury Department announced that the tenders for $1,800,000,000, or thereabouts, of 352-day Treasury bills to be dated December 31, 1972, and to mature December 18, 1973, which were offered on December 18, 1972, were opened at the Federal Reserve Banks today. The details of this issue are as follows: Range of Accepted Competitive Bids High .... ..... 94.794 a Approximate equivalent annual rate 5.324% per annum L o w ..... ..... 94.735 Approximate equivalent annual rate 5.385% per annum Average ..... 94.782 Approximate equivalent annual rate 5.337% per annum 1 a E x c e p tin g one tender of $475,000. 1 T h is is on a bank discou n t basis. T h e eq u ivalen t coupon issu e yield is 5.63 percent. (7 percent of the amount bid for at the low price was accepted.) Total Tenders Applied for and Accepted (By Federal Reserve Districts) Federal Reserve District Boston ..... New York Philadelphia ....... Cleveland ....... Richmond Atlanta ........ Chicago ..... St. L o u is........................... Minneapolis ........ Kansas City ....... Dallas ......... San Francisco .......................... Total applied for .............. .............. .............. .............. .............. .............. .............. .............. .............. .............. .............. .............. Total ........................... .............. $ Total accepted 29,865,000 2,671,840,000 36,745,000 2,370,000 1,830,000 2,130,000 246,325,000 22,595,000 20,970,000 13,400,000 25,650,000 102,690,000 $ $3,176,410,000 3,865,000 1,612,200,000 12,095,000 2,370,000 830,000 2,130,000 106,435,000 9,595,000 6,970,000 3,400,000 3,550,000 36,690,000 $1,800,130,000 b Includes $30,125,000 entered on a noncompetitive basis and accepted in full at the average price shown above. A lfr ed H ayes, President.