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FED ERAL R E SE R V E BANK O F N EW YORK Fiscal Agent of the United States /"Circular N o. 4 3 0 9 1 L February 7, 1956 J RESULTS O F BIDDING FO R T R E A S U R Y BILLS DATED F E B R U A R Y 9, 1956 To all In corporated Banks and Trust Companies, and O thers Concerned, in the Second Federal B eserve D istrict: A t the time o f printing ou r Circular No. 4308, dated F ebruary 7, 1956, announcing an offering o f 91-day T reasury bills, to be dated F ebruary 16, 1956, the results o f bidding fo r the previous w eek ’s issue o f 91-day T reasury bills, to be dated F ebru ary 9, 1956, and m aturing M ay 10, 1956, were not available. now available, a re: The results, Total applied for . . $2,413,266,000 Total accepted ........ $1,600,755,000 (Includes $230,210,000 entered on a non competitive basis and accepted in full at the average price shown below) Average price ........ Equivalent rate of discount approx. 2.271% per annum 99.426 Range o f accepted competitive bids : High .................... 99.429 Equivalent rate of discount approx. 2.259% per annum L o w ...................... 99.424 Equivalent rate of discount approx. 2.279% per annum (70 percent o f the amount bid for at the low price was accepted) F ed era l R eserv e D istrict Boston ...................................................... New Y o r k ................................................ Philadelphia ............................................ Cleveland ................................................ Richmond ................................................ Atlanta .................................................... Chicago .................................................... St. L o u is .................................................. Minneapolis ............................................ Kansas City ............................................ Dallas ...................................................... San Francisco ........................................ Total ................................... T ota l A pplied f o r $ 14,520.000 1,747,297,000 36,753,000 56,358,000 14,349,000 31,666,000 264,712,000 27,707,000 12,520,000 47,048,000 34,456,000 125,880,000 $2,413,266,000 Total A ccep ted $ 12.680,000 1,058.767,000 11,033,000 51,238,000 14,049,000 29,452,000 200,987,000 22,537,000 10,995,000 38,683,000 30,766,000 119,568,000 $1,600,755,000 A llan S proul, President.
@FedFRASER