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FEDERAL RESERVE BANK OF N EW YORK Fiscal Agent of the United States r Circular No. 7 1 2 7 1 A pril 25, 1073 J L Results of Treasury’s Monthly Bill Offering T o A ll In corporated Banks and Trust Companies, and O thers Concerned, in the Second Federal R eserve D istrict: The follow ing statement was issued by the Treasury Department and released at 6:3 0 p.m., yesterday: The Treasury Department announced that the tenders for $1,800,000,000, or thereabouts, of 344-day Treasury bills to be dated April 30, 1973, and to mature April 9, 1974, which were offered on April 18, 1973, were opened at the Federal Reserve Banks today. The details of this issue are as follows: Range of Accepted Competitive Bids ................. 93.755 Approximate equivalent annual rate 6.535% per annum Low ................... 93.674 Approximate equivalent annual rate 6.620% per annum Average ............. 93.695 Approximate equivalent annual rate 6.598% per annum 1 High 1 This is on a bank discount basis. The equivalent coupon issue yield is 7.02 percent. (79 percent of the amount bid for at the low price was accepted.) Total Tenders Applied for and Accepted (By Federal Reserve Districts) Federal R eserv e D istrict B oston ........................................................ New York ................................................ Philadelphia .............................................. Cleveland .................................................. Richmond .................................................. Atlanta ...................................................... Chicago ...................................................... St. L o u is.................................................... Minneapolis .............................................. Kansas City .............................................. Dallas ........................................................ San Francisco ......... ............................... Total .......................................... Total applied fo r $ 24,725,000 2,550,420,000 18,145,000 2,750,000 22,000,000 16,095,000 389,245,000 97,810,000 22,500,000 19,555,000 23,325,000 165,495,000 $3,352,065,000 Total accepted $ 14,725,000 1,396,790,000 3,145,000 2,750,000 7,150,000 5,095,000 240,170,000 66,810,000 6,080,000 10,805,000 2,325,000 44,595,000 $1,800,440,000a a Includes $40,480,000 entered on a noncompetitive basis and accepted in full at the average price shown above. A lfred H ayes, President.
@FedFRASER