The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States I" Circular No. 7 4 1 6 *1 June 27, 1974 J L Results of Treasury’s 52-Week Bill Auction T o A ll Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal R eserve D istrict: The following statement was issued by the Treasury Department and released at 6:30 p.m., yesterday: T enders for $1.8 billion of 52-w eek T reasury bills to be delivered July 2, 1974, and to mature July 1, 1975, were opened at the Federal Reserve Banks today. T he details are as fo llo w s : R a n ge o f A cc e p te d C om p etitiv e B ids H igh 9 1 .7 8 1 a A pproxim ate equivalent annual rate 8 .1 2 9 % per annum ............................. 91.587 A pproxim ate equivalent annual rate 8 .321% per annum A verage ...................... 91.652 A pproxim ate equivalent annual rate 8 .2 5 6 % 1 per annum L ow ........................... a Excepting two tenders totaling $660,000. 1 This is on a bank discount basis. The equivalent coupon issue yield is 8.93%. (1 0 0 percent o f the amount bid fo r at the low price was accepted.) T enders A p p lie d fo r and A cce p te d (B y F ederal R eserve D istrict) Federal R eserve District Boston ............................................................... Total accepted Total applied for $ $ 11,275,000 6,275,000 N ew Y ork .......................................................... 2,165,920,000 1,469,920,000 Philadelphia ...................................................... Cleveland .......................................................... 18,295,000 8,295,000 8,845,000 R ichm ond .......................................................... Atlanta ............................................................... Chicago ............................................................... St. L ouis ............................................................. 25,515,000 M inneapolis ...................................................... Kansas City ...................................................... Dallas ................................................................. San Francisco ................................................. T otal .......................................................... 13,845,000 11,495,000 17,840,000 18,840,000 204,680,000 28,720,000 8,195,000 23,760,000 153,680,000 16,720,000 8,195,000 21,760,000 3,675,000 129,300,000 73,300,000 $2,652,020,000 $1,800,000,000 3,675,000 b Includes $91,530,000 noncompetitive tenders accepted at the average price. A lfred H ayes , President.
@FedFRASER