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FEDERAL

RESERVE

BANK

O F NEW YORK
Fiscal A g en t o f the U nited States
f Circular No. 3 7 8 4 1
I November 21. 1951J

Results of Bidding for 201-Day Treasury Bills, Dated November 2 7 , 1951
Tax Anticipation Series

To all Incorporated Banks and Trust Companies, and
Others Concerned, in the Second Federal Reserve District:

The Secretary
or thereabouts, o f
November 27,1951,
were opened at the

of the Treasury announced that the tenders for $1,250,000,000,
Tax Anticipation Series 201-day Treasury bills to be dated
and to mature June 15, 1952, which were offered on November 15,
Federal Reserve Banks on November 20.

The details of this issue are as follow s:
Total applied fo r . $3,360,801,000
Total accepted . . . $1,250,725,000

(includes $395,121,000 entered on a nonĀ­
competitive basis and accepted in full
at the average price shown below)

Average price ...........

Equivalent rate o f discount approx.
1.497% per annum

9 9 .1 6 4 +

Range o f accepted competitive bids : (excepting five tenders totaling $1,205,000)
High

.....................

99.229

Equivalent rate o f discount approx.
1.381% per annum

L ow

.....................

99.158

Equivalent rate o f discount approx.
1.508% per annum

(97 percent o f the amount bid for at the low price was accepted)
Federal Reserve
District

Boston ...............................................
New Y ork .........................................
Philadelphia .......................................
Cleveland ...........................................
Richmond ...........................................
Atlanta ...............................................
Chicago ...............................................
St. L o u i s .............................................
Minneapolis .......................................
Kansas City .......................................
Dallas .................................................
San Francisco ..................................




Total .......................................

Total
Applied fo r

$

117,990,000
1,438,895,000
147,504,000
272,552,000
140,524,000
128,049,000
405,735,000
78,594,000
85,125,000
132,119,000
126,994,000
286,720,000

$3,360,801,000

Total
Accepted

$

53,978,000
298,825,000
59,879,000
151,802,000
60,290,000
58,559,000
176,970,000
41,699,000
28,450,000
73,799,000
105,279,000
141,195,000

$1,250,725,000
A

llan

S

proul,

President.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102