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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States I" Circular No. 7 0 9 8 "I L February 13, 1973 J Results of Bidding for 91-Day and 182-Day Treasury Bills (To Be Issued February 15, 1973) T o A ll Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal R eserv e D istrict: At the time of printing our Circular No. 7097, dated February 9, 1973, announcing an offering of 91-day and 182-day Treasury bills, to be issued February 22, 1973, the results of bidding for the previous offering of 91-day and 182-day Treasury bills, to be issued February 15, 1973, were not available. The results, now available, are: Range of Accepted Competitive Bids 91-Day Treasury Bills Maturing May 17, 1973 P rice High ........................... ............. Low ............................. ............. A verage....................... ............. 182-Day Treasury Bills Maturing August 16, 1973 A p p rox. equiv. annual rate 98.647 98.617 98.629 A p p rox. equiv. annual rate P rice 5.574% 5.657% 5.624% 1 97.182a 97.140 97.157 5.353% 5.471% 5.424% 1 a E xcepting one tender o f $500,000. 1 These rates are 011 a bank discount basis. The equivalent coupon issue yields are 5.58 percent for the 91-day bills, and 5.87 percent for the 182-day bills. (54 percent of the amount of 91-day bills bid for at the low price was accepted.) (76 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 May 17, 1973 D istrict T otal ......................... ........... $ 43,425,000 2,834,820,000 14,140,000 20,500,000 6,195,000 23,995,000 283,070,000 37,215,000 35,275,000 26,485,000 37,850,000 147,670,000 $3,510,640,000 $ 8,425,000 1,885,920,000 14,140,000 20,500,000 6,195,000 23,995,000 208,870,000 34,215,000 35,275,000 16,485,000 24,850,000 121,210,000 $2,400,080,000b A ccepted Applied for A ccepted Applied fo r Boston ......................... ........... New York ................... ........... Philadelphia ............... ........... Cleveland ..................... ........... Richmond ................... ........... Atlanta ......................... ........... Chicago ....................... ........... St. Louis ..................... ........... Minneapolis ................. ........... Kansas C ity ................. ........... Dallas ........................... ........... San Francisco ............. ........... 182-Day Treasury Bills Maturing August 16, 1973 $ 47,615,000 2,578,920,000 4,195,000 9,320,000 2,355,000 14,245,000 228,085,000 24,005,000 33,140,000 19,695,000 38,430,000 164,360,000 $ $3,164,365,000 12,615,000 1,488,640,000 4,195,000 9,320,000 2,355,000 9,245,000 96,845,000 14,265,000 33,140,000 9,695,000 10,430,000 109,360,000 $1,800,105,000 k Includes $164,000,000 noncompetitive tenders accepted at the average price of 98.629. c Includes $70,485,000 noncompetitive tenders accepted at the average price of 97.157. A lfred H a y e s , President.
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