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FEDERAL OF RESERVE NEW BANK YORK Fiscal Agent of the United States C irc u la r No. 7925 L July 28. 1976 ' J Results of Treasury’s 364-Day Bill Auction To AU Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: I he following auction results were announced on July 21 by the Treasury Department: ren d ers tor $2,900 million of 52-week T reasury bills to be dated Julv 27 m ature July 26. 1977, were opened at the Federal Reserve Banks today. 1976 and to 1 he details are as follows: Range of Accepted Competitive Bids Price High ............................... Low ........... Discount Rate 5.868% 5.894% 5.887% Average . . . . Investment R a te 1 6.23% 6.26% 6.25% ' Equivalent coupon-issue yield. I enders at the low price were allotted 66 percent. Total Tenders Received and Accepted (By Federal Reserve District) Federal Reserve District Boston . . . . New York . . . Philadelphia . . Cleveland . . . Richm ond . . . A tlanta . . . . Chicago . . . . St. Louis . . . . M inneapolis . . K ansas Citv . . . . Dallas . . . . San Francisco . T otal .... Received Accepted $ 13.330,000 2,356,820,000 15.255.000 21.875.000 57.255.000 20.660.000 171,900,000 13.215.000 33.145.000 8,385,000 6,330,000 182,750,000 $2,900,920,000 I he $2,901 m illion of accepted tenders includes $77 million o f noncom petitive tenders " h" p“bl.,c and $7<M m,llion of ‘ from Federal Reserve Banks for themselves and as agents ol foreign and international monetary authorities accepted at the average price An additional $75 million of th e bills will be issued to Federal Reserve Banks a s agents of fore ign and international m onetary au thorities for new cash. PAUL A. V O LCK ER, P r e s id e n t.
@FedFRASER