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F E D E R A L R E S E R V E BA N K O F N EW YORK Fiscal Agent of the United States r Circular N o. 4 7 5 8 1 L July 9, 1959 J Results o f Bidding fo r Special 366-Day Treasury Bills, Dated July 15,1959 To 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 $2,000,000,000, or thereabouts, o f 366-day T reasury bills to be dated J u ly 15, 1959, and to m ature July 15,1960, which were offered on J u ly 6, were opened at the F ederal E eserve Banks on J u ly 8. The details o f this issue are as fo llo w s : Total applied fo r . . . $3,172,602,000 Total a c c e p t e d ......... $2,000,057,000 (includes $186,342,000 entered on a non competitive basis and accepted in full at the average price shown below) Range o f accepted competitive bids (excepting five tenders totaling $610,000) : H igh .......................... 95.580 Equivalent rate o f discount approx. 4.348% per annum L ow ............................ 95.100 Equivalent rate o f discount approx. 4.820% per annum Average 95.193 Equivalent rate o f discount approx. 4.728% per annum ................... (79 percent o f the amount bid fo r at the low price was accepted) F ederal R eserve D istrict Total applied f o r Total accepted Boston .................................................... New Y ork ............................................. Philadelphia ......................................... C le v e la n d ............................................... Richm ond ............................................. A t la n t a ................................................... Chicago ................................................. St. L o u i s ............................................... M in n eap olis........................................... Kansas C i t y ........................................... D a lla s ...................................................... San F r a n c is c o ....................................... $ 108,819,000 1,738,743,000 103,120,000 180,948,000 54,050,000 99,071,000 421,795,000 57,456,000 48,703,000 62,342,000 71,808,000 225,747,000 $ ............................................. $3,172,602,000 $2,000,057,000 To t a l A l fr e d 88,109,000 920,243,000 86,620,000 159,648,000 52,050,000 93,151,000 275,270,000 48,826,000 48,503,000 61,842,000 65,098,000 100,697,000 H a y e s , P r esid en t.
@FedFRASER