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FED ER A L RESERVE BANK O F NEW YORK Fiscal Agent of the United States Circular No. 7771 December 12, 1975 Results of Treasury's 364-Day Bill Auction To A ll In corporated Banks and Trust C om panies, and O thers Concerned, in the Second Federal Reserve D istrict: The following statement was issued December 10 by the Treasury Department: Tenders for $1,700,000,000 of 52-week Treasury bills to be issued to the public, to be dated December 16, 1975, and to mature December 14, 1976, were opened at the Federal Reserve Banks today. The details are as follows: Range of Accepted Competitive Bids D iscount Investm ent R ate Rate^ 6.419% 6.449% 6.439% 6.86% 6.90% 6.88% Price 93.5103 93.479 93.489 * Equivalent coupon issue yield. a Excepting one tender of $510,000. Total Tenders from the Public Received and Accepted (By Federal Reserve District) A c cep ted Federal Reserve D istrict R eceived Boston ...................................... New York ................................. Philadelphia ............................. Cleveland ................................ Richmond ................................ Atlanta .................................... Chicago .................................... St. Louis .................................. Minneapolis ............................. Kansas C ity............................... Dallas ...................................... San Francisco........................... $ 11,785,000 3,050,815,000 86,880,000 130,970,000 114,055,000 33,695,000 574,765,000 64,895,000 60,905,000 31,620,000 30,175,000 268,870,000 $ Total ................................. $4,459,430,000 $1,700,110,000 2,785,000 1,271,055,000 39,030,000 59,770,000 53,635,000 12,485,000 146,515,000 24,825,000 14,405,000 12,620,000 6,605,000 56,380,000 The $1,700,110,000 of accepted tenders includes 43 percent of the amount of bills bid for at the low price and $83,880,000 of noncompetitive tenders from the public accepted at the average price. In addition, $1,549,915,000 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. PAUL A. VOLCKER, P resident. TREASURY DEPARTMENT Washington, D.C. December 12, 1975 STATEMENT FOR THE PRESS TREASURY ANNOUNCES SCHEDULE CHANGE FOR WEEKLY BILL AUCTION DUE TO HOLIDAY SEASON The following statement was issued December 10 "by the Treasury Department The Treasury announced today that the weekly Treasury Bill auction normally scheduled for Monday, December 22, will be held instead on Friday, December 19. The day for the auction is being advanced to assure ample time between it and the payment date during the holiday season. The payment date for the bills will be Friday, December 26.
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