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F E D E R A L R E S E R V E BA N K O F N E W Y O RK Fiscal Agent of the United States f C ircu la r N o . 4 7 0 7 1 F eb ru ary 17, 1959 J RESULTS OF BID D IN G FO R 91-D A Y A N D 182-DAY T R E A S U R Y BILLS D A T E D F E B R U A R Y 19, 1959 T o all Incorporated Banks and Trust Companies, and O thers Concerned, in the Second Federal R eserv e D istrict: A t the time o f printing our Circular No. 4706, dated F ebruary 17, 1959, announcing an offering o f 91-day and 182-day T reasury bills, to be dated F ebruary 26, 1959, the results o f bidding fo r the previous w eek ’s offering o f 91-day and 182-day T reasury bills, to be dated F ebruary 19, 1959, and to m ature M ay 21 and August 20,1959, respectively, were not available. The results, now available, a r e : Range o f A ccepted Com petitive Bids 91-Day Treasury Bills Maturing M ay 21,1959 P rice 99.319 99.309 99.311 High .................... ........ L ow ....................... ........ Average ................. ........ A p p rox. equiv. annual rate 2.694% 2.734% 2.726% 182-Day Treasury Bills Maturing August 20,1959 A p p ro x . equiv. annual rate P rice 98.380a 98.352 98.355 3.204% 3.260% 3.253% a E xcepting one tender o f $50,000. (60 percent o f the amount o f 91-day bills bid for at the low price was accepted.) (20 percent o f the amount o f 182-day bills bid fo r at the low price was accepted.) T otal Tenders A p p lied fo r and A ccepted (B y Federal Reserve Districts) 91-Day Treasury Bills Maturing M ay 21,1959 A pplied fo r D istrict Boston ............................ New Y ork ..................... Philadelphia ................. Cleveland ....................... R ic h m o n d ....................... Atlanta ............................ Chicago ......................... St. Louis ....................... Minneapolis ................... Kansas C i t y ................... Dallas .............................. San Francisco ............... Totals ............. $ 30,908,000 1,795,463,000 39,694,000 40,785,000 13,216,000 31,968,000 225,282,000 16,817,000 18,063,000 44,080,000 20,291,000 118,794,000 $2,395,361,000 A ccepted $ 28,458,000 973,291,000 18,294,000 40,360,000 11,866,000 26,218,000 150,582,000 16,517,000 16,523,000 29,480,000 19,641,000 69,314,000 $1,400,544,000b 182-Day Treasury Bills Maturing August 20,1959 A pplied f o r A ccepted $ 5,425,000 684,328,000 6,181,000 20,476,000 1,493,000 3,559,000 103,159,000 3,897,000 14,655,000 7,023,000 3,656,000 67,848,000 $ 5,055,000 243,179,000 1,156,000 7,578,000 1,493,000 2,329,000 79,880,000 3,562,000 8,559,000 4,823,000 3,356,000 39,725,000 $921,700,000 $400,695,000' Includes $262,101,000 noncompetitive tenders accepted at the average price o f 99.311. c Includes $28,112,000 noncompetitive tenders accepted at the average price o f 98.355. A l f r e d H a y e s , President.
@FedFRASER