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FED ERAL R E SE R V E BANK OF NEW YORK Fiscal Agent of the United States C C ircular No. 4 2 3 4 1 M a y 24, 19S5 J R E S U L T S O F B ID D IN G F O R T R E A S U R Y B IL L S D A T E D M A Y 26, 1955 T o all Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: At the time of printing our Circular No. 4233, dated May 24, 1955, announcing an offering of 91-day Treasury bills, to be dated June 2, 1955, the results of bidding for the previous week’s issue of 91-day Treasury bills, to be dated May 26, 1955, and maturing August 25, 1955, were not available. The results, now available, are: Total applied for . . $2,140,636,000 Total accepted . . . . $1,500,481,000 (Includes $168,462,000 entered on a non competitive basis and accepted in full at the average price shown below) Average price .......... Equivalent rate of discount approx. 1.471% per annum 99.628-\- Range of accepted competitive bids: High ...................... 99.646 Equivalent rate of discount approx. 1.400% per annum Low ........................ 99.623 Equivalent rate of discount approx. 1.491% per annum (26 percent o f the amount bid for at the low price was accepted) Federal Reserve District Boston ....................................................... New York ................................................ Philadelphia .............................................. Cleveland .................................................. Richmond .................................................. Atlanta ...................................................... Chicago ...................................................... St. L o u i s .................................................... Minneapolis .............................................. Kansas City .............................................. Dallas ........................................................ San Francisco .......................................... Total ...................................... Total Applied for $ Total Accepted 25,996,000 1,537,585,000 28,424,000 49,338,000 9,217,000 17,142,000 253,752,000 11,536,000 22,378,000 49,003,000 55,945,000 80,320,000 $ $2,140,636,000 25,996,000 982,510,000 13,424,000 47,238,000 9,217,000 16,142,000 207,832,000 11,536,000 22,378,000 38,903,000 46,465,000 78,840,000 $1,500,481,000 A llan S proul, President.
@FedFRASER