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FED ER AL RESERVE BANK O F NEW YORK Fiscal Agent of the United States r Circular No. 7 6 6 1 "1 L June 25, 1975 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 follow ing statement was issued June 24 by the Treasury Department: Tenders for $1,430,000,000 of 52-week Treasury bills to be issued to the public, to be dated July 1, 1975, and to mature June 29, 1976, were opened at the Federal Reserve Banks today: The details are as follows: Range of Accepted Competitive Bids Discount Rate Price Investment Rate1 High ............................ ............... 93.767a 6.165% 6.58% Low ............................ ............... 93.529 6.400% 6.84% Average ...................... ............... 93.638 6.292% 6.72% 1 Equivalent coupon issue yield. a Excepting tw o tenders totaling $555,000. Total Tenders from the Public Received and Accepted (By Federal Reserve District) Received Federal Reserve District Boston .................................... New Y ork.............................. Philadelphia .......................... Cleveland .............................. Richmond .............................. Atlanta .................................. Chicago .................................. St. Louis ................................ Minneapolis .......................... Kansas City .......................... Dallas .................................... San Francisco........................ ............. ............ .............. ............ ............ ............. ............. ......... ......... ....... T o t a l ........................... .... $ Accepted 16,445,000 1,620,285,000 27,900,000 77,740,000 3,190,000 5,750,000 165,910,000 27,725,000 22,500,000 14,365,000 3,205,000 175,505,000 $2,160,520,000 $ 14,445,000 931,285,000 27,900,000 64,690,000 3,190,000 5,750,000 165,900,000 27,115,000 22,500,000 14,365,000 3,205,000 150,505,000 $1,430,850,000 The $1,430,850,000 of accepted tenders includes 39 percent of the amount of bills bid for at the low price and $62,685,000 of noncompetitive tenders from the public accepted at the average price. In addition, $1,158,060,000 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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