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FEDERAL R E SER VE BANK OF NEW YORK Fiscal A g en t o f the U nited States J"Circular No. 3 6 3 3 1 L December 26, 1950 J R E S U L T S O F B ID 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 8 , 195 0 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 N o. 3632, dated December 2 6 ,1 9 5 0 , relating to an offering o f 91-day T reasu ry bills, dated Janu ary 4, 1951, the results o f bidding fo r the previous w eek’s issue o f 91-day T reasu ry bills, dated December 28, 1950, and m aturing M arch 29, 1951, were not available. The results, now available, a r e : Total applied for — $1,811,168,000 Total accepted — $1,001,539,000 Average price ............. 99.651 (includes $98,885,000 entered on a non competitive basis and accepted in full at the average price shown below) Equivalent rate of discount approx. 1.382% per annum Range of accepted competitive b id s: High .............................. 99.668 Equivalent rate of discount approx. 1.313% per annum L ow 99.649 Equivalent rate of discount approx. 1.389% per annum .............................. (46 percent of the amount bid for at the low price was accepted) Federal R eserve District Boston ........................................... $ New Y o r k .................................... Philadelphia ................................ C levelan d ....................................... Richmond .................................... Atlanta ......................................... Chicago ......................................... St. L o u i s ....................................... Minneapolis ................................ Kansas C i t y .................................. Dallas ........................................... San F r a n c is co .............................. Total Applied fo r 20,344,000 1,355,215,000 46,752,000 30,344,000 17,629,000 6,904,000 151,453,000 20,581,000 7,344,000 23,934,000 54,755,000 75,913,000 Total .....................................$1,811,168,000 Total Accepted $ 18,264,000 657,300,000 39,052,000 27,644,000 17,629,000 6,904,000 113,691,000 10,741,000 7,344,000 23,934,000 36,655,000 42,381,000 $1,001,539,000 A llan S proul, President.
@FedFRASER