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FED ER A L RESERVE BANK O F NEW YORK F i s c a l A g en t o f the U n ited S ta te s C irc u la r N o. 6923 1 M arch 2 9 , 1972 [ To A ll Bankin g I n s titu tio n s , and O the rs Concerned, in the S e c o n d F e d e r a l R e s e r v e D istric t: The following statem ent was made public yesterday by the Treasury Department: RESULTS OF TREASURY NOTE AUCTION The Treasury announced that it has accepted $1.75 billion of the $3.8 billion of tenders received for its new 5-7/8% 3 -year notes auctioned today. The range of accepted bids was as follows: H i g h .................................... Low .................................... A v e r a g e ............................. P rice Approx. y i e l d 1 0 0 .50a 100.20 100.26 5.69% 5.80% 5.78% a E x c e p tin g one te n d e r of $ 2 ,8 0 0 ,0 0 0 . Accepted tenders include 88 percent of the amount bid for at the low price, and $0.5 billion of noncompetitive tenders accepted at the average price. Alfred Hayes, President.
@FedFRASER