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FED ER A L RESERVE BANK O F N EW YORK Fiscal Agent of the United States [ Circular No. 7752" November 14, 1975 Results of Treasury's 363-Day Bill Auction To All Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: The following statem ent was issued November 13 by the Treasury Departm ent: Tenders for $2,100 million of 52-week Treasury bills to be issued to the public, to be delivered November 18, 1975, and to mature November 15, 1976, were opened at the Federal Reserve Banks today. The details are as follows: Range of Accepted Competitive Bids H i g h ............................ ................... Low ............................ ................... Average ..................... ................... Price Discount Rate Investment Rate 1 93.980 93.911 93.940 5.970% 6.039% 6 .0 1 0 % 6.36% 6.43% 6.40% ^Equivalent coupon issue yield. Total Tenders from the Public Received and Accepted (By Federal Reserve District) Federal Reserve District Boston ........................................... New York .................................... Philadelphia ................................ Cleveland .................................... Richmond .................................... Atlanta ........................................ Chicago ........................................ St. Louis ...................................... Minneapolis .................................. Kansas C i t y .................................... Dallas ........................................... San F ra n c is c o .............................. Total .................................... Received $ 26,175,000 3,298,820,000 38,710,000 107,740,000 48,905,000 18,870,000 411,890,000 18,720,000 15,675,000 21,805,000 20,085,000 311,075,000 $4,338,470,000 Accepted $ 19,475,000 1,447,900,000 23,710,000 42,740,000 6,105,000 10,370,000 317,270,000 2,720,000 6,675,000 11,805,000 14,585,000 197,075,000 $2,100,430,000 The $2,100,430,000 of accepted tenders includes 30 percent of the amount of bills bid for at the low price and $73,910,000 of noncompetitive tenders from the public accepted at the average price. In addition, $1,142,800,000 of tenders were accepted at the average price from accounts and from Federal Reserve Banks for themselves and as agents of foreign and international monetary authorities. Government PAUL A. VOLCKER, President.
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