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F E D E R A L R E S E R V E BANK O F N E W YORK F iscal A g en t of the United S ta tes Grcular No. 8025 December 30, 1976 RESULTS OF AUCTION OF 5-YEAR 1-MONTH TREASURY NOTES (Notes of Series D-1982) To A ll B a n kin g In s titu tio n s , a n d O th ers C oncerned, in th e S eco n d F ed era l R e s e r v e D istric t: The following statement was issued December 28 by the T r e a s u r y Department: The Treasury has accepted $2,501 million of $5*312 million of tenders received from the public for the 5-year 1-month notes, Series D-1982, auctioned today. The range of accepted competi tive bids was as follows: Lowest yield.....6.15# Highest yield....6.20# Average yield....6.19# The interest rate on the notes will be 6-1/8#. At the 6-1/8# rate, the above yields result in the following prices: Low-yield price..... 99.872 High-yield price.... 99*656 Average-yield price..99*699 The $2,501 million of accepted tenders includes $853 million of noncompetitive tenders and $1,6U8 million of competitive tenders (including 80# of the amount of notes bid for at the high yield) from private investors. In addition, $190 million of tenders were accepted at the average price from Federal Reserve Banks as agents for foreign and international monetary authorities for new cash. P a ul A. V olcker , P r e s id e n t.
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