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F E D E R A L R E S E R V E B O A R D X--3766 STATEMENT FDR TEE PRESS For r e l e a s e i n Morning P a p e r s , Saturday, June 30, 1923. CONDITION OF ACCEPTANCE l^RKET May 15 to June 15, 19*53. The acceptance market was g e n e r a l l y d u l l and i n a c t i v e d u r i n g the t h i r t y - d a y period ending June 15. In t h e l a t t e r p a r t of May the supply cf b i l l s in d e a l e r s ' p o r t f o l i o s i n c r e a s e d s u b s t a n t i a l l y , as trie demand was l i g h t with a .preference f o r s h o r t m a t u r i t i e s . f o l i o s were Port- traduced d u r i n g June by a c o n s i d e r a b l e volume of f o r e i g n p u r c h a s i n g . Savings banks a l s o were p u r c h a s e r s of b i l l s of s h o r t m a t u r i t i e s in scire d i s t r i c t s . Rates remained.unchanged at 4 - l / g to U - l / 4 b i d and 4 t o 4 - l / g o f f e r e d , the lower r a t e s applying t o b i l l s of t h i r t y - d a y maturity.
@FedFRASER