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FED ER AL RESERVE BANK O F NEW YORK Fiscal Agent of the United States [ C irc u lar N o . 7 7 7 4 D e c e m b e r 16 , 1 9 7 S 1 J Results of Bidding for 91-Day and 182-Day Treasury Bills (To Be Issued December 18, 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. 7772, dated December 12, 1975, announcing an offering of 90-day and 181-day Treasury bills, to be issued December 26, 1975, the results of bidding for the previous offering of 91-day and 182-day Treasury bills, to be issued December 18, 1975, were not available. The results, now available, are: Range of Accepted Competitive Bids 9 1-Day Treasury Bills Maturing March 18,1976 High .... Low .... Average Price Discount Rate 98.626 98.608 98.612 5.436% 5.507% 5.491% 182-Day Treasury Bills Maturing June 17,1976 Investment R ate 1 5.60% 5.68% 5.66% Price Discount Rate Investment R ate 1 97.030 96.997 97.010 5.875% 5.940% 5.914% 6.16% 6.23% 6.20% 1 Equivalent coupon issue yield. (63 percent of the amount of 91-day bills bid for at the low price was accepted.) (92 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) 91 -Day Treasury Bills Maturing March i 8 , 1976 Received District 182-Day Treasury Bills Maturing June 17,1976 Accepted Accepted Received Boston ........................ ........... New York .................. ........... Philadelphia ................ ........... ........... Richmond .................. ........... ........... Chicago ...................... ........... St. Louis .................... ........... Minneapolis ................ ........... Kansas City ................ ........... Dallas ........................ ........... San Francisco ............ ........... $ 57,280,000 3,493,510,000 29,945,000 80,935,000 40,230,000 35,290,000 282,020,000 69,010,000 34,390,000 53,235,000 51,285,000 222,300,000 $ 52,540,000 2,082,660,000 29,410,000 64,635,000 35,990,000 35,105,000 109,020,000 54,770,000 31,390,000 50,455,000 48,815,000 105,300,000 $ ........... $4,449,430,000 $2,700,090,000a $4,767,955,000 T otal ....................... $ 40,765,000 3,782,745,000 20,010,000 67,650,000 69,075,000 29,775,000 272,840,000 54,780,000 47,570,000 28,310,000 31,560,000 322,875,000 37,745,000 2,418,665,000 13,850,000 52,650,000 59,815,000 28,470,000 144,480,000 40,780,000 47,570,000 25,770,000 19,560,000 210,875,000 $3,100,230,000b a Includes $497,690,000 noncompetitive tenders from the public. b Includes $228,655,000 noncompetitive tenders from the public. P aul A. V olcker , President.
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