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- FEDERAL OF RESERVE NEW BANK YORK Fiscal Agent of the United States Circular No. 7968 October 14. 1976 Results of Treasury's 364-Day Bill Auction T o A l l In c o rp o ra te d H a n ks a n d T ru s t C o m p a n ie s, a n d O th e rs C on ce rn e d , in th e S e co nd F e d e ra l R eserve D is t r ic t : The following auction results were announced yesterday by the Treasury Department: Tenders for $3,062 million of 52-week Treasury bills to be dated October 19, 1976, and to mature October 18, 1977, were opened at the Federal Reserve Banks today. The details are as follows: Range of Accepted Competitive Bids Discount Rate Trice High .................................................. Low .................................................. Average ............................................ 94.840 94.803 94.817 Investment Rate 1 5.103% 5.140% 5.126% 5.38% 5.42% 5.41% *Equivalent coupon-issue yield. Tenders at the low price were allotted 52 percent. Total Tenders Received and Accepted Boston ...................................... New York.................................... Philadelphia................................. Cleveland.................................... Richmond ................................. A tlanta........................................ Chicago.................................... St. Louis.................................... Minneapolis................................. Kansas City................................. Dallas.......................................... San Francisco........................... Accepted Received F.R. District (and I S Treasury) $ 129.565,(XX) 4.297.785,(XX) 6,175,000 58,170,000 9.490.000 1,975,000 275,305,000 59,050,000 35,445,000 6.545,000 18,695,000 318,770,000 $ 107,565,000 2.623,825,000 2,175,000 13,170,000 2,490,000 1,975,000 79,265,000 47,050,000 35,445,000 6,245,000 11,695,000 132,750,000 U.S. Treasury ........................... 25.000 25,000 Total.................................. $5,216,995,000 $3,063,675,000 The $3,064 million of accepted tenders includes $55 million of noncompetitive tenders from the public and $1,037 million of tenders from Federal Reserve Banks for themselves and as agents of foreign and international monetary authorities accepted at the average price. An additional $28 million of the bills will be issued to Federal Reserve Banks as agents of foreign and international monetary authorities for new cash. PAULA. VOLCKER, President.
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