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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 is c a l A gen t o f the U n ited S ta te s

C i r c u l a r No. 7 016
O c t o b e r 12, 1972

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To A l l B a n k i n g I n s t i t u t i o n s , a n d O th e 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 statement was made public yesterday by the Treasury
Dep ar tm en t:

RESULTS OF TREASURY NOTE AUCTION

The Treasury announced that it has accepted $2.0 billion of the
$4.8 billion of tenders received for its new 6 percent notes
auctioned today.
The range of accepted bids was as follows:
P rice

High ...........
Low ...........
Average ........

100.Ula
100.20
100.25

Approx. y i e l d

5-77%
5
5*(

aExcepting one tender of $2,000.

The $2.0 billion of accepted tenders includes 20 percent of the
amount of notes bid for at the low price, and $0.3 billion of
noncompetitive tenders accepted at the average price.




Alfred H a yes ,
P r e s id e n t.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102