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FED ERAL RE SE R V E BANK O F NEW YORK Fiscal Agent of the United States r Circular N o. 4 4 2 3 1 February 8, 1957 J L Results o f Bidding for 129-Day Treasury Bills, Dated February 15, 1957 Tax Anticipation Series T o A ll In corporated Banks and Trust Companies, and Others Concerned, in the Second Federal R eserve D istrict: The T reasury D epartm ent announced last evening that the tenders fo r $1,750,000,000, or thereabouts, o f T ax A nticipation Series 129-day T reasury bills to be dated F ebru ary 15, 1957, and to mature June 24, 1957, which w ere offered on F ebru ary 4, were opened at the F ederal R eserve Banks on F ebru ary 7. The details o f this issue are as fo llo w s : Total applied fo r . . $2,302,198,000 Total a c c e p t e d .........$1,750,048,000 (includes $116,410,000 entered on a non competitive basis and accepted in fu ll at the average price shown below) Range o f accepted competitive b id s : H igh .......................... 98.882 Equivalent rate of discount 3.120% per annum Low ............................ 98.824 Equivalent rate o f discount approx. 3.282% per annum Average 98.842 Equivalent rate o f discount approx. 3.231% per annum .................... (34 percent o f the amount bid for at the low price was accepted) Federal Reserve D istrict Boston .................................................... New Y ork ............................................. Philadelphia ......................................... Cleveland ............................................. Richm ond ............................................. Atlanta .................................................. Chicago ................................................. St. L o u i s ............................................... Minneapolis ......................................... Kansas City ......................................... Dallas .................................................... San Francisco ..................................... T o t a l ......................................... Total A pplied fo r $ Total A ccepted 27,294,000 1,752,586,000 22,984,000 55,019,000 22,473,000 31,057,000 160,362,000 27,984,000 18,392,000 28,235,000 27,982,000 127,830,000 $ $2,302,198,000 7,294,000 1,252,666,000 12,984,000 55,019,000 22,173,000 29,557,000 144,962,000 27,984,000 18,392,000 28,205,000 27,982,000 122,830,000 $1,750,048,000 A lfred H ayes, President.
@FedFRASER