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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 A gen t o f the U nited States rCircular No. 47781 L September 1, 1959 J RESULTS OF BIDDING FOR 91-DAY AND 182-DAY TREASURY BILLS TO BE ISSUED SEPTEMBER 3, 1959 To all Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: A t the time o f printing our Circular N o. 4777, dated September 1, 1959, announcing an offering o f 91-day and 182-day T reasury bills, to be issued Septem ber 10, 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 issued Septem ber 3, 1959, were not available. The results, now available, a r e : Range of Accepted Competitive Bids 91-Day Treasury Bills Maturing Decem ber 3,1959 High .................................. Low .................................. Average ............................ 182-Day Treasury Bills Maturing March 3,1960 Price Approx. equiv. annual rate Price Approx. equiv. annual rate 99.050* 98.995 99.017 3.758% 3.976% 3.889% 97.803b 97.724 97.741 4.346% 4.502% 4.468% a Excepting one tender o f $700,000. b Excepting one tender o f $165,000. (26 percent o f the amount o f 91-day bills bid for at the low price was accepted.) (48 percent o f the amount o f 182-day bills bid for at the low price was accepted.) Total Tenders Applied for and Accepted (By Federal Reserve Districts) 91-Day Treasury Bills Maturing Decem ber 3,1959 Accepted A pplied for District Boston ............................ New Y ork ..................... Philadelphia ................. Cleveland ..................... Richmond ..................... Atlanta ......................... Chicago .......................... St. Louis ....................... Minneapolis ................. Kansas C i t y ................... Dallas .............................. San Francisco ............... Totals ............. $ 24,795,000 1,391,116,000 34,092,000 30,794,000 19,217,000 21,090,000 183,120,000 17,265,000 9,590,000 28,215,000 12,320,000 65,098,000 $1,836,712,000 182-Day Treasury Bills Maturing March 3,1960 $ 24,795,000 684,416,000 24,092,000 30,794,000 19,217,000 21,090,000 168,120,000 17,260,000 9,590,000 26,215,000 12,320,000 62,098,000 $1,100,007,000c A pplied for $ Accepted 5,983,000 600,045,000 10,413,000 24,602,000 1,157,000 3,882,000 102,503,000 3,169,000 3,295,000 7,404,000 2,125,000 43,337,000 $807,915,000 $ 5,983,000 229,185,000 5,413,000 22,002,000 1,157,000 3,882,000 84,983,000 3,169,000 2,843,000 6,204,000 2,125,000 33,337,000 $400,283,000d c Includes $205,853,000 noncompetitive tenders accepted at the average price o f 99.017. d Includes $38,567,000 noncompetitive tenders accepted at the average price o f 97.741. A lfred H a y e s, President.
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