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FE D E RA L R E SE R V E BANK O F NEW YORK Fiscal Agent o f the United States r Circular No. 4 6 4 8 1 L October 7, 1958 J RESU LTS OF B ID D IN G DATED FOR 9 1 -D A Y OCTOBER TREASU RY B IL L S 9 , 1958 T o all Incorporated Banks and Trust Com panies, and O thers Concerned, in the S econd Federal R eserv e D istrict: At the time of printing our Circular No. 4647, dated October 7, 1958, announcing an offering of 91-day Treasury bills, to be dated October 16, 1958, the results of bidding for the previous week’s issue of 91-day Treasury bills, to be dated October 9, 1958, and to mature January 8, 1959, were not available. The results, now avail able, are: T o t a l a p p lie d f o r . . $ 2 ,3 8 1 ,6 6 4 ,0 0 0 T o t a l a cce p te d . . .. $ 1 ,8 0 0 ,1 1 9 ,0 0 0 ( i n c l u d e s $ 2 6 4 ,6 5 6 ,0 0 0 e n t e r e d o n a n o n c o m p e t i t i v e b a s is a n d a c c e p t e d in fu ll at th e a v e r a g e p r ic e s h o w n b e lo w ) R a n g e o f a c c e p te d c o m p e titiv e b i d s : H i g h ............................... 9 9 .3 6 0 E q u i v a le n t r a te o f d is c o u n t a p p r o x . 2 .5 3 2 % p e r a n n u m L ow ............................... 9 9 .3 0 6 E q u i v a le n t r a te o f d is c o u n t a p p r o x . 2 .7 4 5 % p e r a n n u m A v e r a g e ....................... 9 9 .3 2 6 E q u i v a le n t r a te o f d is c o u n t a p p r o x . 2 .6 6 8 % p e r a n n u m (5 1 p e r c e n t o f th e a m o u n t b id f o r a t th e l o w p r i c e w a s a c c e p t e d ) Federal R eserve D istrict B o s t o n ......................................................................... N ew Y o rk ............................................................... Total A pplied fo r $ 3 8 ,1 6 2 ,0 0 0 1 ,7 1 5 ,9 8 4 ,0 0 0 Total A ccepted $ 2 8 ,1 6 2 ,0 0 0 1 ,1 7 8 .1 6 4 ,0 0 0 ......................................................... 3 6 ,0 7 2 ,0 0 0 1 8 ,0 7 2 ,0 0 0 ................................................................. 4 9 ,1 8 6 ,0 0 0 4 9 ,1 8 6 .0 0 0 R i c h m o n d ................................................................. 2 0 ,5 2 7 ,0 0 0 2 0 ,5 2 7 ,0 0 0 A t la n t a ...................................................................... 3 7 ,3 3 2 ,0 0 0 3 7 ,1 3 2 ,0 0 0 C h i c a g o ....................................................................... 2 6 3 ,2 3 4 ,0 0 0 2 4 8 ,2 3 4 ,0 0 0 2 4 ,8 4 2 ,0 0 0 P h ila d e lp h ia C le v e la n d S t. L o u i s .................................................................... 2 4 ,8 4 2 ,0 0 0 M i n n e a p o l i s ............................................................ 1 7 ,0 6 5 ,0 0 0 1 6 ,7 4 0 ,0 0 0 K a n s a s C i t y ............................................................ 5 1 ,1 4 5 ,0 0 0 5 0 ,9 4 5 ,0 0 0 D a lla s ......................................................................... 3 7 ,2 0 2 ,0 0 0 3 7 ,2 0 2 ,0 0 0 S a n F r a n c i s c o ....................................................... 9 0 ,9 1 3 ,0 0 0 9 0 ,9 1 3 ,0 0 0 T o t a l .................................................. $ 2 ,3 8 1 ,6 6 4 ,0 0 0 $ 1 ,8 0 0 ,1 1 9 ,0 0 0 A lfred H ayes, P resident.
@FedFRASER