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FED ER AL RESERVE BANK OF NEW YORK Fiscal Agent of the United States r Circular No. 7 6 4 2 1 L May 29, 197S J Results of Treasury’s 364-Day Bill Auction To A ll Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve D istrict: The following statem ent was issued May 28 by the T reasury D epartm ent: Tenders for $1,370,000,000 of 52-week T reasury bills to be issued to the public, to be dated June 3, 1975, and to mature June 1, 1976, were opened at the Federal Reserve Banks today. The details are as follows: Range of Accepted Com petitive Bids Discount Rate Price High ................................ Investment R a te 1 94.207 a 5.729% 6.09% ............................... ............. 94.095 5.840% 6 .21 % Average ......................... ........ 94.133 5.803% 6.17% Low 1 Equivalent coupon issue yield. a Excepting one tender of $70,000. Total Tenders from the P ublic Received and Accepted (By F ederal Reserve D istrict) Received Federal Reserve District New Y o r k ................................. Philadelphia ............................. Cleveland ................................. Atlanta ..................................... Chicago ..................................... St. L o u is ................................... Minneapolis ............................. Kansas City ............................. Dallas ....................................... San F ran cisco ........................... T otal .............................. ......... ............ ......... Accepted ......... ......... ................. 8,030,000 2,104,420,000 26,480,000 101,365,000 20,985,000 3,755,000 258,555,000 30,215,000 21,675,000 8,085,000 9,965,000 223,810,000 .................... $2,817,340,000 ........ ......... .......... $ $ 6,030,000 965,150,000 26,480,000 72,395,000 18,275,000 3,755,000 115,835,000 15,795,000 19,545,000 4,630,000 6,965,000 115,670,000 $1,370,525,000 The $1,370,525,000 of accepted tenders includes 29 percent of the amount of bills bid for at the low price and $46,930,000 of noncompetitive tenders from the public accepted at the average price. In addition, $1,033,600,000 of tenders were accepted at the average price from Gov ernment accounts and from Federal Reserve Banks for themselves and as agents of foreign and international monetary authorities. A lfred H ayes, President.