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FEDERAL RESERVE BANK O F NEW YORK Fiscal Agent of the United States r Circular No. 7 6 7 7 1 L July 29, 197S 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 July 24 by the Treasury Department: Tenders for $1,410 million of 52-week Treasury bills to be issued to the public, to be dated July 29, 1975, and to mature July 27, 1976, were opened at the Federal Reserve Banks today: The details are as follows: Range of Accepted Com petitive Bids Discount Rate Price High ............................. ....... Low ............................ .......... Average ...................... 93.226a Investment Rate1 7.18% 93.096 6.700% 6.828% 93.143 6.782% 7.27% 7.32% 1 Equivalent coupon issue yield. a Excepting tw o tenders totaling $25,000. Total Tenders from the P ublic Received and Accepted 1By Federal Reserve District) Received Federal Reserve District .... Boston .................................... New Y o rk .............................. Philadelphia .......................... Cleveland .............................. Richmond .............................. Atlanta .................................. Chicago .................................. St. Louis ............................... . Minneapolis ......................... . Kansas City ......................... . Dallas ................................... . San Francisco....................... . ................ T o t a l ........................... ... $ Accepted 21,520,000 2,758,530,000 27,110,000 96,000,000 68,855,000 6,905,000 401,615,000 43,840,000 22,885,000 11,595,000 23,415,000 226,360,000 $3,708,630,000 $ 6,520,000 1,075,780,000 2 ,110,000 29,200,000 41,875,000 5,405,000 125,605,000 31,840,000 3,885,000 10,095,000 3,415,000 74,350,000 $1,410,080,000 The $1,410,080,000 of accepted tenders includes 4 percent of the amount of bills bid for at the low price and $77,850,000 of noncompetitive tenders from the public accepted at the average price. In addition, $881,570,000 of tenders were accepted at the average price from Government accounts and from Federal Reserve Banks for themselves and as agents of foreign and inter national monetary authorities. A lfred H a y es, President.
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