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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.
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