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F E D E R A L R E S E R V E BANK OF NEW YORK Fiscal A g en t o f the U nited States J"C ircular N o . 3 6 3 0 "1 U D e ce m b e r 19, 1950 J R E S U L T S O F B I D D I N G F O R T R E A S U R Y B IL L S D A T E D D E C E M B E R 2 1 , 1950 T o all Incorporated Banks and Trust Companies in the Second Federal R eserve District and Others Concerned: A t the time o f printing our Circular No. 3629, dated December 1 9 ,1 9 5 0 , relating to an offering o f 91-day T reasu ry bills, dated December 2 8 ,1 9 5 0 , the results of bidding fo r the previous w eek’s issue o f 91-day T re a su ry bills, dated December 21, 1950, and m aturing M arch 22, 1951, were not available. The results, now available, a r e : Total applied for — $1,677,088,000 Total accepted — $1,000,709,000 Average p r i c e ............... 99.654-f (includes $123,826,000 entered on a non competitive basis and accepted in full at the average price shown below) Equivalent rate of discount approx. 1.368% per annum Range of accepted competitive bids : High .............................. 99.680 Equivalent rate of discount approx. 1.266% per annum L o w ................................ 99.652 Equivalent rate of discount approx. 1.377% per annum (6 6 percent of the amount bid for at the low price was accepted) Federal Reserve District Boston ........................................... New Y o r k .................................... Philadelphia ................................ C levela n d ....................................... Richmond .................................... A tla n ta ........................................... Chicago ......................................... St. L o u i s ....................................... M in neapolis................................ .. Kansas C i t y .................................. D a lla s ............................................. San F r a n c is co .............................. T o t a l ................................ Total Applied fo r $ 17,890,000 1,171,722,000 31,167,000 36,065,000 27,357,000 18,033,000 148,163,000 17,437,000 5,494,000 38,036,000 21,532,000 144,192,000 $1,677,088,000 Total Accepted $ 17,550,000 564,737,000 16,067,000 34,715,000 27,357,000 16,673,000 104,623,000 16,533,000 5,494,000 38,036,000 21,532,000 137,392,000 $1,000,709,000 A llan S proul, President.
@FedFRASER