The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF DALLAS F IS C A L A G E N T O F T H E U N IT E D D A L L A S .T E X A S STATES 75222 Circular Wo. 7^-123 May 3, 197^ To All Banking Institutions and Others Concerned in the Eleventh Federal Reserve District: Quoted below is the text of a statement issued by the Treasury Department today concerning the interest rates for the two notes to be auctioned Tuesday and Wednesday. COUPOW RATES ANNOUNCED FOR NEW TREASURY WOTE ISSUES The Treasury has set a coupon rate of 8-3 /krfo for both the $2.0 billion of 25 - 1 /2 month notes and the $1.75 billion of b - l / b year notes, the sale of which was announced on May 1. The series titles will be 8-3/^- percent Treasury Wotes of Series I-I 976 and 8 - 3/^- percent Treasury Wotes of Series C-1978. The k - l / b year notes will be auctioned on Tuesday, May 7, and the 25-1/2 month notes will be auctioned on Wednesday, May 8. The public should be aware that in an auction the prices bid are not necessarily at par. The average price at which noncompetitive tenders are awarded may therefore be more or less than par. Subscribers submitting noncompetitive tenders should understand that the yield they receive may be lower than the stated coupon rate. Additional copies of this circular will be furnished upon request. Yours very truly, P. E. Coldwell President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
@FedFRASER