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FED ER AL RESERVE BANK OF NEW YORK Fiscal Agent of the United States r Circular L No. 7 1 4 9 l May 22, 1973 J Results of Bidding for 91-Day and 183-Day Treasury Bills (To Be Issued May 24, 1973) T o A ll Incorporated Banks and Trust Companies, and O thers Concerned, in the Second Federal R eserve D istrict: At the time of printing our Circular No. 7146, dated May 18, 1973, announcing an offering of 91-day and 182day Treasury bills, to be issued May 31, 1973, the results of bidding for the previous offering of 91-day and 183-day Treasury bills, to be issued May 24, 1973, were not available. The results, now available, are: Range of Accepted Competitive Bids 183-Day Treasury Bills Maturing November 23, 1973 pi-Day Treasury Bills Maturing August 23, 1973 P rice High ......................................... Low ........................................... Average .................................. A p p rox. equiv. annual rate 98.395a 98.358 98.369 P rice 6.349% 6.496% 6.452% 1 A p p rox. equiv. annual rate 96.602b 96.558 96.570 6.685% 6.771% 6.748% ! a E xcepting one tender of $10,000. b Excepting three tenders totaling $410,000. 1 These rates are on a bank discount basis. The equivalent coupon issued yields are 6.65 percent for the 91-day bills, and 7.08 percent for the 183-day bills. (46 percent of the amount of 91-day bills bid for at the low price was accepted.) (48 percent of the amount of 183-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 August 23, 1973 D istrict Boston ......................... ........... New York ................... ........... Philadelphia ............... ........... Cleveland ..................... ........... Richmond ................... ........... Atlanta ......................... ........... Chicago ....................... ........... St. Louis ..................... ........... Minneapolis ................. ........... Kansas C ity ................. ........... Dallas ........................... ........... San Francisco ............. ........... T o t a l ........................... ........... A pplied fo r $ 26,250,000 2,805,005,000 36,010,000 32,875,000 10,580,000 15,615,000 266,200,000 54,700,000 19,160,000 41,145,000 36,755,000 109,535,000 $3,453,830,000 183-Day Treasury Bills Maturing November 23, 1973 Applied for A ccepted A ccep ted 16,250,000 2,032,605,000 16,010,000 32,875,000 10,580,000 15,615,000 173,800,000 43,700,000 11,160,000 34,045,000 25,675,000 88,535,000 $ 12,760,000 2,676,020,000 5,420,000 17,695,000 10,370,000 10,560,000 221,260,000 66,670,000 23,330,000 22,670,000 34,095,000 161,285,000 $ $2,500,850,000° $3,262,135,000 $ 1,700,100,000 d $ 2,760,000 1,479,620,000 5,420,000 17,695,000 5,370,000 9,350,000 69,560,000 38,650,000 9,330,000 13,510,000 14,095,000 34,740,000 c Includes $220,985,000 noncompetitive tenders accepted at the average price of 98.369. d Includes $97,065,000 noncompetitive tenders accepted at the average price o f 96.570. A lfred H ayes, President. FE D E R A L R ESER VE BANK O F N E W YORK Fiscal Agent of the United States May 22, 1973 COUNTERFEIT $1,000 SAVINGS BONDS (No Publicity) To P a yin g A g en ts for Savings B onds in the S econ d F ed eral R e s e r v e D istrict: The U. S. Secret Service has requested this Bank to inform all paying agents of the appearance of counterfeit U. S. savings bonds, as described below: 1. On May 3 r d , s i x c o u n t e r f e i t $ 1 ,0 0 0 c a r d - t y p e s a v in g s b on d s (1 9 7 2 d e s i g n ) w ere c a s h e d a t t h e B r id g e p o r t o f f i c e o f t h e B elm ont C ounty B ank, S t . C l a i r s v i l l e , O h io , b y an unknown w h ite fe m a le who d e p o s i t e d $800 o f t h e p r o c e e d s t o a s a v in g s a c c o u n t o p e n e d on March 2 8 th in th e name o f M arth a C. C h e sk o . The p a s s e r i s d e s c r i b e d as b e i n g b e tw e e n 2k and 28 y e a r s o f a g e , 5 - 8 , lUO l b s . , brow n h a i r , m o l e - l i k e b le m is h on l e f t s i d e o f m ou th , h e a v y b u i l d , a t t r a c t i v e , b u t h a rd l o o k i n g . I t has b e e n d e t e r m in e d t h a t t h e same i n d i v i d u a l , u s in g t h e name B on n ie S m ith , o p e n e d a s a v in g s a c c o u n t a t a s e c o n d n e a r b y bank on March 2 8 t h , and on May 3 rd a tte m p te d t o n e g o t i a t e a g ro u p o f s a v in g s b o n d s u s in g t h e p r e v i o u s l y d e s c r i b e d modus o p e r a n d i . The b o n d s w ere r e f u s e d . 2. The r e g i s t e r e d ow ner o f t h e s i x b o n d s i d e n t i f i e d t o d a t e i s l i s t e d as M artha C. C h e s k o , 2705 C h e s t e r f i e l d A v e . , B a l t i m o r e , M a ry la n d . The b o n d s , w h ich p u r p o r t t o h ave b e e n i s s u e d March 3 , 1973 b y th e M e t r o p o l i t a n O f f i c e o f The S a v in g s Bank o f B a l t i m o r e , b e a r t h e f o l l o w i n g s e r i a l n u m b e rs: M 101 O i l 959 E M 101 02k 635 E M 101 026 02k E M 101 026 635 E M 101 507 lU5 E M 101 7^1 617 E The b o n d s a r e f a i r f a c s i m i l e s . The m ost o b v io u s d e f e c t i s t h e c o m p le te a b s e n c e o f IBM pu n ch h o l e s . The g r e e n s h a d in g u n d er L i n c o l n ’ s p o r t r a i t i s a ls o m is s in g . The s e r i a l n u m b ers, p r i n t e d i n a l i g h t sh ad e o f r e d , a r e im p r o p e r ly s p a c e d and a l i g n e d . ( O ver) 3. S h o u ld any o f t h e s e c o u n t e r f e i t b on d s b e p r e s e n t e d t o y o u r i n s t i t u t i o n , t h e y must n o t b e p a i d , and t h e m a tte r s h o u ld b e r e p o r t e d p r o m p t ly t o t h e n e a r e s t U. S . S e c r e t S e r v i c e o f f i c e o r y o u r l o c a l p o l i c e . In t h i s D i s t r i c t , t h e S e c r e t S e r v i c e h as o f f i c e s i n t h e F e d e r a l O f f i c e B u i l d i n g , 90 C hurch S t r e e t , New Y ork C i t y (m a il a d d r e s s : P . 0 . Box 8 oU , C hurch S t r e e t S t a t i o n , New Y o r k , N. Y. 1 0 0 0 8 ); i n t h e Main P o s t O f f i c e B u i l d i n g , S y r a c u s e , N. Y. 1 3 2 0 1 ; i n th e U n ite d S t a t e s C ou rt H ou se, B u f f a l o , N. Y. l h 2 0 2 ; and a t 970 B road S t r e e t , N ew ark, N. J . 0 7 1 0 2 . This is for your information, and no publicity should be given to the matter at this time. Alfred H ayes, P re sid e n t.
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