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FEDERAL RE SERVE BANK OF NEW YORK Fiscal Agent of the United States Circular No. 7830 March 4. 1976 Results of Treasury's 364-Day Bill Auction 7o/4// /ncorporufed RonAs and 7rusf Co/wpaHies. ant/ OfAers Co/!cerwed. /wfAe iecowd Federa/ Peserve D/s?r:cr The following auction results were released yesterday by the Treasury Departm ent: Tenders for $3,100 million of 52-week Treasury bills to be issued to the public, to be dated March 9. 1976, and to mature March 8, 1977, were opened at the Federal Reserve Banks today. The details are as follows: Range of Accepted Competitive Bids High ..................................................... Low ..................................................... Average .............................................. Price Dcscounf Pafe /nvesf/wen? Pafet 93.952" 93.903 93.923 5.982% 6.030% 6.010% 6.35% 6.41% 6.39% *Equivalent coupon issue yield. ^Excepting one tender of $1,000,000. Total Tenders Received and Accepted (By Federal Reserve District) Ff</cra/ Peserve Disfncf Pecetved Accepted Boston ........................................ New York .................................. Philadelphia .............................. Cleveland .................................. Richmond .................................. Atlanta ...................................... Chicago ...................................... St. Louis .................................... Minneapolis .............................. Kansas C ity ................................ Dallas ........................................ San F ra n cisc o ............................ $ 133,395,000 4,334,005,000 41,065,000 113,730,000 135,830,000 33,650,000 360,175,000 44,155,000 13,995,000 34,060,000 46,165,000 371,335,000 $ 34,870,000 2,656,485,000 1,065,000 43,730,000 85,330,000 22,140,000 135,875,000 11,445,000 3,995,000 15,115,000 18,955,000 71,415,000 Total .................................. $5,661,560,000 $3,100,420,000 Tenders at the low price were allotted 66 percent. The $3,100,420,000 of accepted tenders includes $73,380,000 of noncompetitive tenders from the public and $973,840,000 of tenders from Government accounts and from Federal Reserve Banks for themselves and as agents of foreign and international monetary authorities accepted at the average price. PAUL A. VOLCKER, Pras/Jenf.
@FedFRASER