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FEDERAL RESERVE BANK OF N E W Fiscal Agent of the United States YORK r Circular No. 7 7 2 4 *1 L October 7, 1975 J Results of Bidding for 91-Day and 182-Day Treasury Bills (To Be Issued October 9, 1975) To All Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: At the time of printing our Circular No. 7723, dated October 3, 1975, announcing an offering of 91-day and 182-day T reasury bills, to be issued October 16, 1975, the results of bidding for the previous offering of 91-day and 182-day Treasury bills, to be issued October 9, 1975, were not available. The results, now available, are: Range of Accepted Competitive Bids 9 1 -Day Treasury Bills Maturing January 8 ,19 7 6 High .............................. .................. Low .............................. .................. Average ....................... .................. Price Discount Rate 98.440a 98.402 98.423 6.171% 6.322% 6.239% 182 -Day Treasury Bills Maturing April 8, 1976 Investment Rate1 Price 96.685 b 96.669 96.678 6.37% 6.53% 6.44% 1Equivalent coupon issue yield. a Excepting one tender of $30,000. Discount Rate Investment Rate1 6.557% 6.589% 6.571% 6.89% 6.93% 6.91% b Excepting one tender of $900,000. (30 percent of the amount of 91-day bills bid for at the low price was accepted.) (55 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) 9 1 -Day Treasury Bills Maturing January 8, 1976 Boston ........................... ............ New York .................... ............. Philadelphia .................. ............. Cleveland ............... ....... ............. Richmond .................... ............. Atlanta ........................... ............ Chicago ......................... ............. St. Louis .................................... Minneapolis .................. ............. Kansas City .................. ............. Dallas ........................... ............ San Francisco .............. ............ T otal Accepted Received District ......................... ............ $ 55,500,000 2,826,370,000 32,965,000 50,650,000 39,195,000 50,790,000 214,475,000 58,625,000 29,395,000 55,485,000 33,750,000 233,680,000 $3,680,880,000 182 -Day Treasury Bills Maturing April 8, 1976 $ 55,500,000 2,245,770,000 32,965,000 50,650,000 39,195,000 50,590,000 214,455,000 58,625,000 29,395,000 55,485,000 33,750,000 233,680,000 $3,100,060,000c Received $ Accepted 51,205,000 4,263,620,000 62,715,000 181,380,000 54,895,000 39,560,000 292,405,000 58,425,000 59,665,000 31,070,000 20,780,000 236,375,000 $ $5,352,095,000 26,665,000 2,827,290,000 48,215,000 31,320,000 19,745,000 27,920,000 64,005,000 34,425,000 6,365,000 28,020.000 15,280,000 71,375,000 $3,200,625,000 d c Includes $583,005,000 noncom petitive tenders from the public. ci Includes $302,105,000 noncom petitive tenders from the public. P aul A. V olcker, President.
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