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FED ER A L RESERVE BANK OF N EW YORK Fiscal Agent of the United States r Circular No. 717 0~l L June 27, 1973 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 statement was issued by the Treasury Department and released at 6:30 p.m., yesterday: The Treasury Department announced that the tenders for $1,800,000,000, or thereabouts, of 339-day Treasury bills to be dated June 30, 1973, and to mature June 4, 1974, which were offered on June 20, 1973, were opened at the Federal Reserve Banks today. The details of this issue are as follows: Range of Accepted Competitive Bids High ................... 93.220a Approximate equivalent annual rate 7.200% per annum Low ................... 93.168 Approximate equivalent annual rate 7.255% per annum Average ............. 93.187 Approximate equivalent annual rate 7.235% per annum1 a Excepting two tenders totaling $770,000. 1 This is on a bank discount basis. The equivalent coupon issue yield is 7.73 percent. (9 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 ................ Total accepted Total applied for $ 23,240,000 2,559,305,000 18,720,000 57,965,000 10,210,000 $ 13,240,000 1,529,240,000 8,720,000 17,965,000 5,210,000 9,100,000 113,985,000 19,310,000 7,050,000 13,245,000 11,730,000 51,540,000 $1,800,335,000b b Includes $55,635,000 entered on a noncompetitive basis and accepted in full at the average price shown above. A lfred H ayes, President.
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