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FED ER AL RESERVE BANK O F N EW YORK Fiscal Agent of the United States r Circular No. 7 5 8 2 "1 L March 7, 197S J Results of Treasury’s 364-Day Bill Auction To A ll Incorporated B a n k s and T r u s t Com panies, and O thers C oncerned, in the S econd F ederal R eserve D istric t: The following statem ent was issued M arch 5 by the T reasury D epartm ent: Tenders for $1,130,000,000 of 52-week Treasury bills to be issued to the public, to be dated March 11, 1975, and to mature March 9, 1976, were opened at the Federal Reserve Banks today. The details are as follows: R an ge o f A ccep ted C o m p etitiv e B id s D iscount R ate P rice In v estm e n t R ate 1 High ............................. .............. 94.332a 5.606% 5.95% Low ............................... .............. 94.287 5.650% 6 .00 % Average......................... .............. 94.300 5.637% 5.99% 1 E quivalent coupon issue yield. a E x cep tin g one tender o f $15,000. T otal T end ers from th e P u b lic R eceiv ed and A ccep ted (B y F ed era l R eserve D istrict) Federal R eserve D istrict Boston ................................................. ..... New Y o rk ............................................ ..... Philadelphia ........................................ Cleveland ............................................ Richmond ............................................ Chicago ................................................ St. Louis .............................................. Minneapolis ........................................ Kansas City ........................................ Dallas .................................................. San Francisco...................................... T otal ......................................................... R eceived A ccepted $ 22,330,000 2,231,045,000 76,405,000 18,935,000 76,445,000 6,130,000 329,710,000 39,880,000 31,510,000 7,865,000 26,135,000 435,095,000 $ $3,301,485,000 $1,130,555,000 1,330,000 763,455,000 43,805,000 935,000 17,445,000 1,430,000 40,950,000 9,380,000 510,000 3,365,000 3,875,000 244,075,000 The $1,130,555,000 of accepted tenders includes 74 percent of the amount of bills for at the low price and $29,070,000 of noncompetitive tenders from the public accepted at the average price. In addition, $971,010,000 of tenders were accepted at the average price from Govern ment accounts and from Federal Reserve Banks for themselves and as agents of foreign and international monetary authorities. A lfred H ayes, President.
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