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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 non 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.
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