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Fe d e r a l R e s e r v e B a n k of Dallas F IS C A L A G E N T O F T H E U N IT E D S T A T E S DALLAS. TEXAS 75222 Circular No. 7^-215 August 2, 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. COUPON RATES ANNOUNCED FOR NEW TREASURY NOTE ISSUES The Treasury has set a coupon rate of 9°lo for both the $2.25 billion of 33-month notes and the $1.75 billion of 6-year notes, the sale of which was announced on July 31. The series titles will be 9 percent Treasury Notes of Series D-1977 and 9 percent Treasury Notes of Series B-I98O. The 33-nionth notes will be auctioned on Tuesday, August 6 , and the 6-year notes will be auctioned on Wednesday, August 7. 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, and subscribers may have to pay slightly more or less than $1,000 for each $1,000 face amount of securities. 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)
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