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FED ERAL R E SE R V E BANK O F NEW YORK Fiscal Agent o f the United States /"Circular N o. 4 2 9 7 1 LDecember 20, 1955J RESULTS OF BIDDING F O R T R E A S U R Y BILLS D ATED DECEM BER 22, 1955 T o all Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal R eserve D istrict: A t the time o f printing our Circular No. 4296, dated Decem ber 19, 1955, announcing an offerin g o f 91-day T reasury bills, to be dated Decem ber 29, 1955, the results o f bidding fo r the previous w eek’ s issue o f 91-day T reasury bills, to be dated Decem ber 22, 1955, and m aturing M arch 22, 1956, were not available. The results, now available, a r e : Total applied for .. $2,307,017,000 Total accepted........ $1,600,492,000 (Includes $248,684,000 entered on a non competitive basis and accepted in full at the average price shown below) Average price ........ Equivalent rate o f discount approx. 2.618% per annum 99.338+ Range o f accepted competitive bids: High .................... 99.350 Equivalent rate o f discount approx. 2.571% per annum L o w ...................... 99.330 Equivalent rate o f discount approx. 2.651% per annum (43 percent o f the amount bid for at the low price was accepted) F ederal R eserv e D istrict T otal A pplied f o r Total A ccep ted Boston .......................................................$ 37,275,000 $ 32,275,000 New York .............................................. 1,674,847,000 1,030,872,000 Philadelphia ............................................ 30,181,000 16,041,000 Cleveland ................................................ 68,656,000 63,946,000 Richmond ................................................ 17,595,000 17,595,000 Atlanta .................................................... 40,864,000 40,864,000 Chicago .................................................... 239,542,000 206,692,000 St Louis .................................................. 22,641,000 22,641,000 Minneapolis ............................................ 10,270,000 10,270,000 Kansas City ............................................ 35,833,000 35,833,000 Dallas ...................................................... 35,385,000 31,245,000 San Francisco ........................................ 93,928,000 92,218,000 Total ....................... $2,307,017,000 $1,600,492,000 A llan S proul, President.
@FedFRASER