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FED ER AL RESERVE BANK O F NEW YORK Fiscal Agent of the United States [ CircularNo. 7 6 3 7 " 1 May 21, 197S J Results of Bidding for 91-Day and 182-Day Treasury Bills (To Be Issued May 22, 1975) To A ll Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve D istrict: At the time of printing our Circular No. 7634, dated May 16, 1975, announcing an offering of 91-day and 183-day Treasury bills, to be issued May 29, 1975, the results of bidding for the previous offering of 91-day and 182-day Treasury bills, to be issued May 22, 1975, were not available. The results, now available, are: Range of Accepted Competitive Bids 182-Day Treasury Bills Maturing November 20, ip 75 pi-Day T reasury Bills Maturing August 2i, ip 75 High ................................................ Low .................................................. A v erag e............................................ Price Discount Rate Investment R ate 1 Price Discount Rate Investment R ate 1 98.728 98.699 98.707 5.032% 5.147% 5.115% 5.18% 5.30% 5.27% 97.280 97.251 97.264 5.380% 5.438% 5.412% 5.62% 5.68% 5.66% 1 Equivalent coupon issue yield. (71 percent of the amount of 91-day bills bid for at the low price was accepted.) (33 percent of the amount of 182-day bills bid for at the low price was accepted.) Total Tenders Received and Accepted (By Federal Reserve District) pi-Day Treasury Bills Maturing August 21, ip 75 District T otal Accepted Received Boston ........................... ............ New York .................... ............ Philadelphia .................. ............ Cleveland ...................... ............ R ichm ond....................... ............ Atlanta ........................... ............ C hicago........................... ............ St. Louis ....................... ............ Minneapolis .................. ............ Kansas C ity .................. ............ Dallas ............................. ............ San Francisco .............. ............ .......................... ............ $ 39,465,000 3,531,340,000 60,745,000 127,875,000 23,420,000 42,210,000 301,395,000 54,315,000 25,000,000 41,505,000 38,725,000 213,845,000 $4,499,840,000 182-Day Treasury Bills Maturing November 20, 1975 $ 27,415,000 2,238,065,000 60,735,000 112,140,000 21,420,000 40,460,000 101,075,000 36,305,000 15,000,000 33,275,000 21,725,000 92,455,000 $2,800,070,000a Received $ 28,015,000 4,520,960,000 32,425,000 126,130,000 48,350,000 71,675,000 270,920,000 57,025,000 24,910,000 14,065,000 22,760,000 325,165,000 $5,542,400,000 Accepted $ 6,015,000 2,421,060,000 17,425,000 75,080,000 29,250,000 25,675,000 89,160,000 17,010,000 14,910,000 10,615,000 7,760,000 87,345,000 $2,801,305,000b a Includes $365,230,000 noncompetitive tenders from the public, b Includes $136,320,000 noncompetitive tenders from the public. A lfred H ay es , President.
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