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FEDERAL RESERVE BANK OF NEW YORK F isca l Agent of the United States C ir cu la r N o 6797~1 No. S eptem berp 1, 1 9 7 1 1 L T o A ll in B a n k in g th e S e c o n d In s titu tio n s, F e d e r a l a n d R e s e r v e O th ers C o n c e r n e d , D is tr ic t: The following statement was made public yesterday by the Treasury Department: RESULTS OF TREASURY'S NOTE AUCTION The Treasury Department announced that it has accepted $1.25 billion of the $3.4 billion of tenders for its new 6 -1 /4 percent notes to be dated September 8, 1971, maturing November 15, 1976, which were auctioned today. The range of accepted bids was as follows: P r ic e High L ow ...................... . . . . ......................... . . . . A v e r a g e .................. . . . . 101.44 101.00 101.14 A p p ro x . y ie ld 5.916% 6.015% 5.984% Accepted tenders include 28 percent of the amount bid for at the low price, and $0.3 billion of noncompetitive tenders accepted at the average price. A lfre d H ayes, P re sid e n t.
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