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FEDERAL RESERVE BANK O F NEW YORK Fiscal Agent of the United States r Circular t No. 7503-1 November 14, 1974 J Results of Treasury’ s 364-Day Bill Auction 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 at 6:30 p.m., yesterday: Tenders for $2.0 billion of 52-week Treasury bills to be dated November 19, 1974, and to mature November 18, 1975, were opened at the Federal Reserve Banks today. The details are as follow s: Range o f A ccepted Com petitive Bids High ........................... 92.600a Approximate equivalent annual rate 7.319% per annum L o w ............................. 92.529 Approximate equivalent annual rate 7.389% per annum Average ..................... 92.556 Approximate equivalent annual rate 7.362% 1 per annum a Excepting one tender of $95,000. 1 This is on a bank discount basis. The equivalent coupon issue yield is 7.91%. (55 percent of the amount bid for at the low price was accepted.) Tenders A pplied for and Accepted (B y Federal Reserve District) Federal R eserve District Total applied for Boston .................................................. .......... New Y o r k ............................................ .......... Philadelphia ........................................ .......... Cleveland ............................................ .......... Richmond ............................................ .......... Atlanta ................................................ .......... Chicago ................................................ .......... St. Louis .............................................. .......... Minneapolis ........................................ .......... Kansas City ........................................ .......... Dallas .................................................. .......... San F ran cisco...................................... T o tal ................................. .......... $ Total accepted $ 22,415,000 2,961,385,000 2,430,000 65,385,000 30,275,000 16,255,000 427,290,000 45,515,000 8,570,000 9,540,000 18,000,000 193,330,000 $3,800,390,000 3,415,000 1,572,110,000 2,430,000 35,285,000 15,275,000 8,205,000 248,655,000 19,765,000 2,570,000 6,880,000 5,550,000 80,130,000 $2,000,270,000b b Includes $63,090,000 noncompetitive tenders accepted at the average price. A lfred H ayes , President.
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