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 A gen t o f the U nited States |" C ir c u la r N o. 7 4 3 t A u g u s t 9, 1974 7 “j T o A ll Banking Institutions, and O thers Concerned, in the Second Federal R eserve D istrict: The following statements have been issued by the Treasury Department. Statements an nouncing the results of the auction of the 33-month 9 % notes of Series D -1977 and the auction of the 6-year 9 % notes of Series B-1980 were made public on August 7 and August 8, respec tively. The statement announcing the results of the auction of the additional amount of the 8 ^ % bonds of 1994-99 was made public yesterday. RESULTS OF T R E A SU R Y N O TE A U C T IO N (N o te s o f Series D -1 9 7 7 ) T he T reasury has accepted $2.25 billion o f the $4.3 billion o f tenders received from the public fo r the 33month 9 % notes auctioned yesterday [August d ]. T h e range of accepted com petitive bids was as fo llo w s : P rice H igh .................................................... L o w ...................................................... A verage ............................................. A p p rox. yield 101.283 100.86 101.00 8 .4 8 % 8 .6 5 % 8 .5 9 % a Excepting seven tenders totaling $85,000. T he $2.25 billion o f accepted tenders includes 7 7 % o f the amount of notes bid fo r at the low price, and $1.4 billion o f noncom petitive tenders accepted at the average price. In addition, $2.9 billion o f the notes were allotted to Federal R eserve Banks and Governm ents A ccou n ts at the average price, in exchange fo r notes maturing A ugu st 15. RESULTS OF T R E A SU R Y N O TE A U C T IO N (N o te s o f Series B -1 9 8 0 ) T he T reasury has accepted $1.75 billion o f the $3.7 billion o f tenders received from the public fo r the 6-year 9 % notes auctioned yesterday [ August / ] . T h e range o f accepted com petitive bids was as fo llo w s : P rice H ig h .................................................... L o w ...................................................... A verage ............................................. A p p rox. yield 101.5 0 a 101.01 101.15 8 .6 7 % 8 .7 8 % 8 .7 5 % a Excepting six tenders totaling $32,000. T h e $1.75 billion of accepted tenders includes 6 7 % of the amount of notes bid for at the low price, and $0.8 billion o f noncom petitive tenders accepted at the average price. In addition, $2.5 billion of the notes were allotted to Federal R eserve Banks and G overnm ent A ccou n ts at the average price, in exchange for notes maturing A ugust 15. RESULTS OF T R E A SU R Y BO ND AU C T IO N (B o n d s o f 1994-99) T he T reasury has accepted $400 million o f the $1,060 million of tenders received from the public for the 24^4year 8 ^ % bonds auctioned today [ August 8 ]. T he range o f accepted com petitive bids was as fo llo w s: Price H ig h .................................................... L ow ...................................................... A verage ............................................. 9 9 .7 6 a 98.00 98.70 A p p rox. yield to first callable date A p p rox. yield to maturity 8 .5 2 % 8 .7 1 % 8 .6 4 % 8 .5 2 % ' 8 .7 0 % 8 .6 3 % a Excepting three tenders totaling $2,192,000. T he $400 m illion of accepted tenders includes 100% million of noncom petitive tenders accepted at the average In addition, $486 million o f the bonds were allotted the average price, in exchange for notes maturing A ugust o f the amount o f bonds bid fo r at the low price, and $35 price. to Federal Reserve Banks and Governm ent A ccou n ts at 15. A lfred H ayes , President.
@FedFRASER