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FED E R A L R ES ER V E BANK O F NEW YORK Fiscal Agent o f the United States r Circular No. 7 3 4 3 ~1 U February 13, 1974 J Results of Bidding for 91-Day and 182-Day Treasury Bills (To Be Issued February 14, 1974) To A ll Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal R eserve D istrict: A t the time o f printing our Circular N o. 7339, dated F ebruary 8, 1974, announcing an offerin g o f 91-day and 182-day T reasu ry bills, to be issued F ebruary 21, 1974, the results o f bidding fo r the previous offerin g o f 91-day and 182-day T reasu ry bills, to be issued F ebruary 14, 1974, were not available. T he results, n ow available, a r e : Range of Accepted Competitive Bids 91-D ay Treasury Bills Maturing M ay 16,1974 A p p ro x . equiv. annual rate P r ice H ig h 98.232 L ow 98.203 98.210 ................................ ................ .................................. ................ A v e r a g e ........................... ................ 182-Day Treasury Bills Maturing August 15,1974 P rice A p p ro x . equiv. annual rate 6 .9 9 4 % 7 .1 0 9 % 96.546a 96.502 6 .9 1 9 % 7 .0 8 1 % ! 96.521 6 .8 8 2 % 1 6 .8 3 2 % a E xcepting one tender o f $10,000. 1 These rates are on a bank discount basis. 182-day bills. T he equivalent coupon issue yields are 7.31% fo r the 91-day bills, and 7.23% fo r the (1 7 percent o f the amount o f 91-day bills bid fo r at the low price was accepted.) (1 percent o f the amount o f 182-day bills bid fo r at the low price was accepted.) Total Tenders Applied for and Accepted (B y Federal Reserve Districts) 91-Day Treasury Bills Maturing M ay 16,1974 District B oston A pplied f o r .............................. ......... $ 44,295,000 182-Day Treasury Bills Maturing August 15,1974 A ccep ted $ 32,295,000 A ccep ted A pplied f o r $ 23,805,000 $ 11,805,000 N e w Y o r k ....................... ......... P h ila d e lp h ia ..................... ......... 3,066,260,000 53,085,000 2,056,980,000 43,085,000 2,553,775,000 34,380,000 1,473,160,000 28,980,000 Cleveland ......................... ......... R ich m on d ....................... ......... 40,450,000 54,815,000 30,970,000 36,445,000 20,470,000 Atlanta .............................. ......... 23,185,000 40,350,000 45,805,000 22,205,000 C hicago ........................... ......... St. L ou is ......................... ......... 218,875,000 M inneapolis ..................... ......... Kansas C i t y ..................... ......... Dallas ................................ ......... San F rancisco ................ T otal ...................... ......... 118,175,000 114,650,000 57,965,000 42,965,000 61,685,000 46,185,000 21,165,000 11,165,000 18,705,000 7,705,000 35,940,000 34,950,000 104,515,000 33,695,000 19,950,000 24,955,000 25,465,000 18,755,000 10,475,000 34,490,000 102,370,000 24,345,000 $3,755,500,000 $2,501,160,000b b Includes $383,920,000 noncom petitive tenders accepted at the average price. c Includes $174,865,000 noncompetitive tenders accepted at the average price. 30,280,000 13,245,000 18,530,000 235,095,000 $3,166,180,000 $1,800,055,000c
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