The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
F E D E R A L R E S E R V E BANK O F NEW YORK F i s c a l A g e n t o f th e U n ite d S t a te s fo r S tu d en t L o a n M a rk e tin g A s s o c i a t i o n April 30, 197U R E S U L T S OF B I D D I N G F O R S L M A NOTES X o C ertain IJ. S. Government Bond D ealers, Com m ercial Banks and Com m ercial Paper D ea lers: T h e f o l l o w i n g s t a t e m e n t was a u t h o r i z e d by the S t u d e n t L o a n M a r k e t i n g A s s o c i a t i o n for i s s u a n c e today, a n n o u n c i n g the a u c t i o n re s u l t s of its r e c e n t o f f e r i n g of Notes: The Student Loan Marketing Association sold at auction today $150 million par value of 91-day discount notes at an average price of 97-50U, which results in a rate of discount of 9.87^ percent per annum on a 360-day basis. The notes are dated M ay 2, 197*+ and mature on August 1, 197^Accepted bids ranged from a high price of 97-535 (9-752 p e r cent discount) to a low of 9 7 - ^ 6 (lO.lO^ percent discount). Approximately 70 percent of the total amount b i d for at the low p rice was accepted. Total bids received were $66^.5 million, of which $150 m i l lion were accepted. Alfred Hayes, President.
@FedFRASER