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FED ERA L RESERVE BANK OF NEW YORK Fiscal A gen t of the United States j" L C ir c u la r N o. 7337-1 February 7, 1974 -1 Results of Treasury’s Monthly Bill Offering To A ll Incorporated Banks and Trust Companies, and O thers Concerned, in the Second Federal R eserve D istrict: The following statement was issued by the Treasury Department and released it 6:30 p.m., yesterday: Tenders for $1.8 billion o f 52-week T reasu ry bills to be dated February 12, 1974, and to mature February 11, 1975, were opened at the Federal Reserve Banks today. T he details are as fo llo w s : R an ge o f A cc e p te d C om p etitiv e B ids H igh ...................... 93.638 A pproxim ate equivalent annual rate 6.29 2 % per annum L ow ...................... 93.536 A pproxim ate equivalent annual rate 6.3 9 3 % per annum A verage ............... 93.588 A pproxim ate equivalent annual rate 6 .3 4 2 % per a n n u m 1 1 This is on a bank discount basis. The equivalent coupon issue yield is 6.76%. (3 3 percent of the amount bid for at the low price was accepted.) Tenders- A p p lie d fo r and A cce p te d Federal R eserve District B oston ...................................................... ........ (B y F ed era l R eserve D istricts) Total applied for $ 45,005,000 N ew Y o r k ............................................... ........ 2,530,975,000 Total accepted $ 12,905,000 1,585,875,000 Philadelphia .......................................... ........ 29,505,000 825,000 C lev e la n d ................................................. ........ 13,595,000 9,360,000 R ichm ond ............................................... ........ 12,885,000 10,885,000 Atlanta .................................................... ........ 10,560,000 6,560,000 Chicago ................................................... ........ St. L ouis ................................................. ........ Minneapolis .......................................... ........ Kansas City ........................................... ........ 212,980,000 88,830,000 Dallas ...................................................... ........ San Francisco ...................................... 27,700,000 5,700,000 140,250,000 57,900,000 ..................................................... $3,101,425,000 T otal 43,565,000 5,865,000 19,055,000 8,055,000 7,300,000 15,350,000 $ 1,800,060,000; a Includes $43,495,000 noncompetitive tenders accepted at the average price. A lfred H a y e s , President. ----
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