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FEDERAL RESERVE BANK
OF NEW YORK
Fiscal Agent o f the United States

I Circular N o. 3 8 0 0 1
I December 24, 1951 j

RESULTS O F BIDDING F O R T R E A S U R Y BILLS
D ATED DECEM BER 27, 1951

T o all In corpora ted B anks and Trust Com panies, and O thers
C on cern ed, in the S econ d F edera l R e s e r v e D istrict:

A t the time o f printing onr Circular No. 3798, dated December 24,1951, relating to
an offering o f 91-day T reasury bills, dated January 3, 1952, the results o f bidding
fo r the previous w eek ’s issue o f 91-day T reasury bills, dated Decem ber 27, 1951, and
m aturing M arch 27, 1952, w ere not available. The results, now available, a r e :

Total applied for . $1,608,850,000
.
Total accepted . . $1,200,850,000 (includes $135,211,000 entered on a non­
..
competitive b s s and accepted i f l
ai
n ul
a the average p ic shown below)
t
r e
Average price.....

99.529

Equivalent r t of discount approx.
ae
1.865% per annum

Range of accepted competitive b
ids: (Excepting one tender of $10,000)
High .........
99.600
Equivalent r t of discount approx.
ae
1.582% per annum
L o w ..........

99.512

Equivalent r t of discount approx.
ae
1.931% per annum

(60 percent of the amount bid for a the low p i e was accepted)
t
rc
F ederal R eserv e
D istrict

Boston ... ............ $
New York.............
Philadelphia ............
Cleveland..............
Richmond .............
Atlanta ...............
Chicago ...............
S . Louis..............
t
Minneapolis ............
Kansas City ............
Dallas................
San Francisco...........




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

Total
A pplied f o r

Total
A ccepted

10,442,000
$
1,201,193,000
20,467,000
30,669,000
23,669,000
11,829,000
164,522,000
28,732,000
5,557,000
33,860,000
34,789,000
43,121,000

10,442,000
803,193,000
10,467,000
30,669,000
23,669,000
11,829,000
164,522,000
28,732,000
5,557,000
33,860,000
34,789,000
43,121,000

$1,608,850,000

$1,200,850,000
A llan

S proul,

President.

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