The National Cooperative Bank, pleased with the success of its first sale in the public market of securities backed by loans to housing cooperatives in New York, plans another one by the end of the year.

"We were getting to the point where the pricing of private placements seemed too high for us, so we sought the efficiency of the public market," said Grace A. Huebscher, president of the NCB Mortgage Corp., a subsidiary of the bank. She said total costs, principally brokerage fees, were twice as high for private placements.

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