Full text of Federal Reserve Bank of New York Circulars : 7096. Results of Treasury Note Auction

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FEDERAL RESERVE BANK
OF NE W YORK
Fiscal Agent of the United States

C ir cu la r N o. 7096
F eb ru a ry 8, 1973

T o A ll Banking Institu tion s, and Others C oncerned,
in the Second F ed era l R e s e r v e D istr ic t:

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

RESULTS OF TREASURY NOTE AUCTION

The Treasury announced that it has accepted $1.0 billion of
the $1.7 billion of tenders received for its new 6 3/4-year
6 5/8 percent notes auctioned today.
The range of accepted
competitive bids was as follows:

P rice

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

99.88199-21
9 9 .1+0

Approx. y ie ld

6 .65 $
6 .11%

6.lh%

^Excepting three tenders totaling $372,000.

The $1.0 billion of accepted tenders includes 58 percent of
the amount of notes bid for at the low price, and $0.1 billion of
noncompetitive tenders accepted at the average price.
In addition $0.6 billion of the notes were allotted to Federal
Reserve Banks and Government Accounts at the average price, in
exchange for notes maturing February 15.




Alfred Hayes,
President.