The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
F E D E R A L R E S E R V E BA N K O F N EW YORK Fiscal A gen t o f the U nited States [ Circular No. 4 8 1 4 T November 25, 1959 J Results o f Bidding for Special 320-Day Treasury Bills To AH Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal R eserve D istrict: The following statement was released for publication in this morning’s news papers : The Treasury Department announced last evening that the tenders fo r $2,000,000,000, or thereabouts, o f 320-day Treasury bills to be dated December 2, 1959, and to mature October 17, 1960, which were offered on November 19, were opened at the Federal Reserve Banks on November 24. The details o f this issue are as follow s: Total applied fo r $3,964,626,000 Total accepted . . $2,000,255,000 (includes $393,847,000 entered on a non competitive basis and accepted in fu ll at the average price shown below) Range o f accepted competitive bids (excepting five tenders totaling $725,000) : H igh ...................... 95.835 Equivalent rate o f discount approx. 4.686% per annum Low ........................ 95.651 Equivalent rate o f discount approx. 4.893% per annum ............... 95.680 Equivalent rate o f discount approx. 4.860% per annum Average (74 percent o f the amount bid for at the low price was accepted) Federal R eserve D istrict Total applied fo r Boston ................................................... $ 183,442,000 New Y ork ............................................. 1,512,443,000 Philadelphia ......................................... 195,017,000 Cleveland ............................................. 350,683,000 Richmond ............................................. 129,121,000 Atlanta ................................................. 225,988,000 Chicago ................................................. 463,396,000 St. Louis ............................................... 131,951,000 M in n eap olis........................................... 148,091,000 Kansas City ......................................... 117,519,000 D a lla s ...................................................... 198,688,000 San F r a n c is c o ....................................... 308,287,000 T o tal $3,964,626,000 Total accepted $ 49,542,000 708,222,000 124,717,000 170,143,000 87,021,000 131,670,000 255,042,000 78,591,000 105,091,000 74,119,000 110,330,000 105,767,000 $2,000,255,000 A lfred H ayes, President.
@FedFRASER