Full text of Federal Reserve Bank of New York Circulars : 7391. Correction of Circular Announcing Results of Recent Treasury Note and Bond Auctions

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FED ER A L RESERVE BANK
OF NEW YORK
F isca l A g e n t o f the U n ited States

C irc u la r No. 7391
May 13, 1974

Correction of C ircular Announcing Results of
Recent Treasury Note and Bond Auctions

T o A ll Banking In stitu tion s, and Others Concerned,
in the S econ d F ed era l R e s e r v e D istrict:

In the l a s t p a r a g r a p h of the s t a t e m e n t a n n o u n c i n g the
re s u l t s of the T r e a s u r y ' s note and b o n d a u c t i o n s hel d on
M a y 8, 1 9 7 4 — as c o n t a i n e d in our C i r c u l a r No.

7390, d ated

M a y 9, 1 9 7 4 - - a n e r r o r w a s m a d e in q u o t i n g the a m o u n t of
8 3/4 p e r c e n t T r e a s u r y N o t e s of Series 1-1976 that was
a l l o t t e d to F e d e r a l R e s e r v e B a nks and G o v e r n m e n t A c c o u n t s
in e x c h a n g e for b o n d s m a t u r i n g May 15.
The a m o u n t so a l l o t t e d was $656 m i l l i o n , not $6.56 m i l ­
lion.




Alfred

Uayes,

P re sid e n t.