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FEDERAL RESERVE BANK O F NEW YORK Fiscal Agent of the United States No. 7 5 2 4 "| [ CDircular ecember 12, 1974 J Results of Treasury’ s 364-Day Bill Auction To A ll In corporated Banks and T rust Companies, and Others Concerned, in the Second Federal R eserv e 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 December 17, 1974, and to mature December 16, 1975, were opened at the Federal Reserve Banks today. The details are as follow s: Range o f Accepted Competitive Bids High ........................... 93.379a Approximate equivalent annual rate 6.548% per annum L o w ............................. 93.248 Approximate equivalent annual rate 6.678% per annum A v era g e....................... 93.301 Approximate equivalent annual rate 6.625% 1 per annum a Excepting tw o tenders totaling $1,915,000. 1 This is on a bank discount basis. The equivalent coupon issue yield is 7.07%. (68 percent of the amount bid for at the low price was accepted.) Tenders Applied for and Accepted (By Federal Reserve District) Federal R eserve D istrict Boston ................................................... .......... New Y o r k ............................................ .......... Philadelphia ........................................ .......... Cleveland ............................................ .......... Richmond ............................................ .......... Atlanta ................................................ .......... Chicago ................................................ .......... St. L o u i s .............................................. .......... Minneapolis ........................................ .......... Kansas City ........................................ .......... Dallas ................................................... .......... San F ra n cisco...................................... T otal ........................................... ......... Total accepted T otal applied fo r $ $ 23,180,000 3,239,085,000 27,615,000 30,790,000 12,915,000 8,270,000 194,195,000 48,020,000 13,495,000 8,305,000 18,210,000 123,555,000 $3,747,635,000 9,180,000 1,827,185,000 7,615,000 19,150,000 9,595,000 8,270,000 52,395,000 22,020,000 9,995,000 4,305,000 3,210,000 27,155,000 $2,000,075,000b b Includes $50,550,000 noncompetitive tenders accepted at the average price. A lfred H a yes, President. i TREASURY DEPARTMENT W a s h in g t o n , D .C . December 13, 197^ STATEMENT FOR THE PRESS SCHEDULE FOR TREASURY’ S REGULAR WEEKLY B IL L AUCTIONS DURING THE HOLIDAY SEASON T he T r e a s u r y 's y e a r w i l l b e h e ld la s t tw o r e g u l a r w e e k l y b i l l on F r id a y , D ecem ber 2 0 , o n t h e u s u a l M on d a y . A n n o u n c e m e n ts th e 1 3 th , th e and F r id a y , w i l l b e T h u rsday as u s u a l. 2 0 th . a u c tio n s and F r i d a y , in v itin g s ch e d u le d D ecem ber 2 7 , fo r th is r a t h e r th a n t e n d e r s w i l l b e made o n F r i d a y , The paym ent and d e l i v e r y day fo r th e b i l l s
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