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FEDERAL RESERVE BANK OF NEW YORK Fiscal A gent o f the United States [ C ir c u la r N o . 4 4 1 3 J a n u a r y 1 5 , 1957 "1 J RESULTS OF B ID D IN G FO R T R E A S U R Y BILLS D A T E D JA N U A R Y 17, 1957 T o all Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal R eserve D istrict: A t the time o f printing our Circular N o. 4412, dated January 15, 1957, announc ing an offering o f 91-day Treasury bills, to be dated January 24, 1957, the results of biddin g fo r the previous w eek’s issue o f 91-day T reasury bills, to be dated January 17, 1957, and to mature A p ril 18, 1957, were not available. The results, now avail able, are: T otal applied for . . $2,810,292,000 T otal accepted . . . . $1,601,086,000 (includes $427,126,000 entered on a non competitive basis and accepted in full at the average price shown below ) Range o f accepted com petitive bids : (excepting one tender o f $100,000) H i g h ......................... 99.221 Equivalent rate o f discount approx. 3.082% per annum L ow ......................... 99.183 Equivalent rate o f discount approx. 3.232% per annum A v e r a g e ................... 99.185 Equivalent rate o f discount approx. 3.223% per annum (49 percent o f the amount bid for at the low price was accepted) F ed crel R e s e n 'e D istrict B o s t o n ........................................................... New Y ork .................................................. P h ila d e lp h ia ................................................ Cleveland ..................................................... Richm ond .................................................. Atlanta ......................................................... C h ic a g o ......................................................... St. L o u i s ....................................................... Minneapolis ................................................ Kansas City ................................................ Dallas ........................................................... San Francisco ............................................ Total ........................................ T otal A pplied fo r $ Total A ccepted 41,420,000 1,944,405,000 35,653,000 84,636,000 26,315,000 56,705,000 291,471,000 50,503,000 18,380,000 53,230,000 49,963,000 157,611,000 $ $2,810,292,000 28,696,000 922,452,000 19,978,000 84,636,000 26,315,000 51,708,000 192,811,000 46,904,000 17,780,000 45,720,000 39,943,000 124,143,000 $1,601,086,000 A lfred H ayes, President.
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