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F E D E R A L R E S E R V E BANK O F N E W YORK Fiscal Agent of the United States Circuiar No. 7849 Aprii 1. !976 Resuits of Treasury's 364-Day Bill Auction To A // /w to rp o rM fct/ R unA s MftJ 7n/.s7 a; f/;c u n j Of/;<v.s FcRcru/ Rcycrsc D /s/ric/ The following auction results were released yesterday by the Treasury Departm ent: Tenders for $3,200 million of 52-week Treasury bills to be dated April 6, 1976, and to mature April 5, 1977, were opened at the Federal Reserve Banks today. The details are as follows: Range of Accepted Competitive Bids DMCOMMf Faff High ............................ ...................... Low ............................ ...................... Average ...................... ...................... 5.740% 5.793% 5.781% 94.196 94.143 94.155' 6.09% 6.14% 6.13% Equivatent coupon issue yietd. Tenders at the low price were allotted 90 percent. Total Tenders Received and Accepted (By Federal Reserve District) FcJeru/ Reserve Dts/rirf Boston ........................ New York .............. Philadelphia ...................... Cleveland ................ Richmond .............. Atlanta ........................ Chicago ...................... St. Louis .......................... Minneapolis .......................... Kansas C ity .............................. Dallas ...................................... San F rancisco ............................ Total .................................... R ece/f e<7 $ 27,590,000 4,740,620,000 49,440,000 131,130,000 64,775,000 39,465,000 419,270,000 41,055,000 92,770,000 20,145,000 24,845,000 393,455,000 $ $6,044,560,000 $3,201,775,000 17,090,000 2,484,505,000 28,940,000 99,630,000 35,075,000 27.670,000 169.420,000 16,055,000 66,770.000 11,135,000 21,645,000 223,840,000 The $3,201,775,000 of accepted tenders includes $114,920,000 of noncompetitive tenders from the public and $920,330,000 of tenders from Federal Reserve Banks for themselves and as agents of foreign and international monetary authorities accepted at the average price. PAUL A. VOLCKER,
@FedFRASER