Full text of Federal Reserve Bank of New York Circulars : 7031. Results of Treasury Note Auction

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FE D E R A L R ESER VE BANK
O F N EW YORK
F i s c a l Agent of the Uni ted S t a t e s

C i r c u l a r No. 703 1
N o v e m b e r 2, 1972

To A ll Banking Institutions, and Others Concerned,
in the Second Federal R eserve District:

The following statement was made public yesterday by the Treasury
Department:

RESULTS OF TREASURY NOTE AUCTION

The Treasury announced that it has accepted $3.0 billion of the
$7.1 billion of tenders received for its new 6 1/4 percent 4-year
notes auctioned today.
The range of accepted competitive bids was
as follows:

Price

High ..
Low
Average

100.311
ioo.ih
100.18

Approx . y ie ld

6.. 16 %
6.,2 1 %
6..2 0 %

^Excepting four tenders totalling $^15,000

The $3.0 billion of accepted tenders includes 92 percent of the
amount of notes bid for at the low price, and $0.5 billion of
noncompetitive tenders accepted at the average price.




Alfred Hayes,
President.