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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 A g en t o f the U nited States r C ircu la r N o . 4 7 7 2 T L A u g u s t 14, 1959 J Results of Bidding for 216-Day Tax Anticipation Treasury Bills To A ll Incorporated Banks and Trust Companies, and Others Concerned, in the Second F ederal R eserve D istrict: The T reasury D epartm ent announced last evening that tenders fo r an additional $1,000,000,000, or thereabouts, o f the T ax A nticipation Series T reasury bills dated Ju ly 8, 1959, to m ature M arch 22, 1960, w ere opened at the F ederal R eserve Banks on A u gust 13. The additional amount o f bills, which were offered on A ugust 10, w ill be issued on A u gust 19 (216 days to m aturity date). The details o f the additional issue are as fo llo w s: Total applied fo r . . $3,216,431,000 Total a c c e p t e d .........$1,000,188,000 (includes $232,481,000 entered on a non competitive basis and accepted in fu ll at the average price shown below) Range o f accepted competitive bids (excepting one tender o f $300,000): H igh .......................... 97.810 Equivalent rate o f discount approx. 3.650% p er annum Low .......................... 97.752 Equivalent rate o f discount approx. 3.747% per annum 97.768 Equivalent rate o f discount approx. 3.719% per annum Average .................... (47 percent o f the amount bid fo r at the low price was accepted) Federal R eserve D istrict Total applied fo r Total accepted Boston ................................................... New Y ork ............................................. Philadelphia ......................................... Cleveland ................................ ............ Richmond ............................................. Atlanta ................................................. Chicago ................................................. St. Louis ............................................... Minneapolis ......................................... Kansas C ity ......................................... Dallas ................................................... San F r a n c is c o ....................................... $ 130,755,000 1,298,712,000 143,982,000 345,086,000 77,063,000 125,356,000 410,148,000 81,088,000 120,125,000 84,136,000 194,660,000 205,320,000 $ ........................................... $3,216,431,000 $1,000,188,000 T o ta l A 49,155,000 299,342,000 96,577,000 35,626,000 39,257,000 64,426,000 92,691,000 25,738,000 51,325,000 51,371,000 152,360,000 42,320,000 lfred H ayes, President.
@FedFRASER