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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 [ ] 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.