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FED ERAL RE SE R V E BANK O F NEW YORK Fiscal A gen t o f the U nited States r Circular No. 4 6 7 7 T L December 24, 1958 J RESULTS OF BIDDING FOR 90-DAY AND 181-DAY TREASURY BILLS DATED DECEMBER 26, 1958 T o all Incorporated, B anks and Trust Companies, and Others Concerned, in the Second Federal R eserve D istrict: A t the time of printing our Circular No. 4676, dated December 24,1958, announcing an offering o f 90-day and 181-day Treasury bills, to be dated January 2,1959, the results of bidding for the previ ous week’s offering o f 90-day and 181-day Treasury bills, to be dated December 26, 1958, and to mature March 26 and June 25,1959, respectively, were not available. The results, now available, are: Range o f Accepted Competitive Bids 90-Day Treasury Bills Maturing March 26, 1959 High ........................ ........ Low .......................... ........ Average .................. ........ 181-Day Treasury Bills Maturing June 25, 1959 P rice A p p ro x . equiv. annual rate P rice A p p rox. equiv. annual rate 99.320 99.313 99.315 2.720% 2.748% 2.739% 98.492a 98.480 98.483 2.999% 3.023% 3.017% a E x cep tin g on e tender o f $150,000 (15 percent o f the amount o f 90-days bills bid for at the low price was accepted.) (35 percent of the amount of 181-day bills bid for at the low price was accepted.) Total Tenders A pplied for and Accepted (By Federal Reserve Districts) 90-Day Treasury Bills Maturing March 26, 1959 D istrict A ccep ted A pplied for B o s t o n ............................ New Y ork .................... Philadelphia .......................... Cleveland ...................... Richmond .................... ........ Atlanta .......................... Chicago ........................ ........ St. Louis ............................. Minneapolis ................ ........ Kansas City .................. ....... Dallas .......................... ........ San Francisco ............ Totals .......... ........ $ 35,237.000 1,650,922,000 34,379,000 60,727,000 17,260,000 30,825,000 283,144,000 26,963,000 21.876,000 44,347,000 23,150,000 164,621,000 $2,393,451,000 181-Day Treasury Bills Maturing June 25, 1959 $ 16,689,000 1,057,156,000 16,429,000 57,012,000 14,475.000 26,375,000 187,393,000 21,729,000 16,771,000 33,247,000 21,299,000 132,128,000 $1,600,703,000b A ccep ted A pplied for $ $ 5,825,000 603,151,000 6,768,000 37,358,000 1,733,000 3,390,000 114,133,000 6,323,000 4,886,000 9,052,000 3,533,000 38,724,000 4,750,000 254,228,000 1,648,000 34,108,000 1,273,000 2,358,000 58,211,000 3,618,000 4,286,000 8,657,000 2,373,000 25,156,000 $400,666,000° $834,876,000 b In cludes $303,229,000 noncom petitive tenders a cccp tcd at the a verage price o f 99.315. c In cludes $33,250,000 noncom petitive tenders a ccepted at the a verage price o f 98.483. A lfred H ayes, President.
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