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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 No. 4 7 8 8 1 L October 6, 1959 I R E S U L T S OF B ID D I N G F O R 91-D A Y A N D 182-D A Y T R E A S U R Y B IL L S T O B E ISSU E D O C T O B E R 8, 1959 To A ll Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal R eserv e D istrict: A t the time o f printing our Circular N o. 4787, dated O cto b e r 6, 1959, announcing an offerin g o f 91-day and 182-day T reasury Bills, to be issued O ctober 15, 1959, the results o f b id din g for the previous w eek ’s offerin g o f 91-day and 182-day Treasury bills, to be issued O cto b e r 8, 1959, w ere n ot available. T h e results, n ow available, are: Range of Accepted Competitive Bids 91-Day Treasury Bills Maturing January 7, 1960 Approx. equiv. annual rate Price H ig h ......................... .............. L o w ......................... .............. A v e ra g e .................. .............. 182-Day Treasury Bills Maturing A pril 7, 1960 99.011 98.957 98.987 3.913% 4.126% 4.007% (43 percent o f the amount o f 91-day bills bid for at the low price was accepted.) Price Approx. equiv. annual rate 97.644 97.625 97.635 4.660% 4.698% 4.678% (99 percent o f the amount o f 182-day bills bid fo r at the low price was accepted.) Total Tenders Applied for and Accepted (By Federal Reserve Districts) 91-Day Treasury Bills Maturing January 7, 1960 District Applied for Boston ....................... ............ N ew Y o r k ................ ............ Philadelphia ............ ............ Cleveland.................. ............ Richmond ................ ............ A tlan ta....................... ............ Chicago ................................. St. Louis .................. ............ M inneapolis.............. Kansas City ............ ............ D a llas......................... ............ San F ran cisco.......... ............ Total ....... ............. • Includes $ 23,568,000 1,335,814,000 25,600,000 28,481,000 11,787,000 28,000,000 179,350,000 17,250,000 10,761,000 23,767,000 13,233,000 57,337,000 $1,754,948,000 $ 182-Day Treasury Bills Maturing April 7, 1960 Accepted Applied for 23,468,000 813,714,000 15,600,000 28,331,000 11,787,000 27,600,000 157,345,000 17,192,000 10,761,000 23,767,000 13,233,000 57,337,000 $ $1,200,135,000* 6,057,000 567,237,000 9,636,000 17,782,000 2,269,000 5,064,000 55,323,000 10,403,000 2,678,000 5,616,000 3,948,000 86,801,000 $772,814,000 Accepted $ 6,057,000 249,329,000 4,636,000 7,782,000 2,251,000 4,464,000 22,993,000 5,403,000 2,638,000 5,316,000 3,931,000 85,301,000 $400,101,000 $206,781,000 noncom petitive tenders accepted at the average price of 98.987. b Includes $53,347,000 noncom petitive tenders accepted a t the average price of 97.635. A lfred H a y e s , President.
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