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FEDERAL RESERVE BANK OF N E W YORK Fiscal Agent of the United States r Circular No. 7623 1 L May 2, 1975 J Results of Treasury’s 364-Day Bill Auction To All Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: The following statement was issued April 30 by the Treasury Department: Tenders for $1,400,000,000 of 52-week Treasury bills to be issued to the public, to be dated May 6, 1975, and to mature May 4, 1976, were opened at the Federal Reserve Banks today. The details are as follows: Range of A ccepted Com petitive Bids Discount Rate Price Investment Rate1 High ............................. ............... 93.578a 6.351% 6.79% Low ............................... ............... 93.508 6.421% 6.86% Average......................... ............... 93.529 6.400% 6.84% 1 Equivalent coupon issue yield. a Excepting one tender of $85,000. Total Tenders from the P ublic Received and Accepted (By F ederal Reserve D istrict) Received Federal Reserve District ......... ......... ......... Philadelphia ...................................... ......... ......... ......... ......... St. Louis ............................................ ......... Minneapolis ...................................... ......... Kansas City ...................................... ......... Dallas ................................................ ......... San Francisco.................................... T otal ............................................... ........ $ Accepted 33,840,000 2,290,950,000 27,500,000 59,070,000 30,915,000 13,220,000 321,560,000 39,565,000 26,445,000 17,755,000 34,070,000 497,620,000 $ 3,545,000 828,770,000 7,500,000 24,030,000 20,035,000 7,220,000 159,040,000 14,695,000 21,445,000 8,225,000 10,190,000 296,470,000 $1,401,165,000 $3,392,510,000 The $1,401,165,000 of accepted tenders includes 12 percent of the amount of bills bid for at the low price and $56,035,000 of noncompetitive tenders from the public accepted at the average price. In addition, $1,033,225,000 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 lfr ed H a y e s , President.
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