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F E D E R A L R E SE R V E BANK
OF NEW YORK
Fiscal A g en t o f the U nited States
/"Circular N o. 3 5 8 2 T
L A ugust 29, 1950 J

RESULTS OF BIDDING FOR TREASURY BILLS
DATED AUGUST 31, 1950

To all Incorporated Banks and Trust Companies in the
Second Federal Reserve District and Others Concerned:

A t the time of printing our Circular No. 3581, dated August 29, 1950, relating to
an offering of 91-day Treasury bills, dated September 7, 1950, the results o f bidding
for the previous week’s issue o f 91-day Treasury bills, dated August 31, 1950, and
maturing November 30, 1950, were not available. The results, now available, are:
Total applied f o r — $1,822,738,000
Total accepted

— $1,100,070,000

Average p r ic e ...............

9 9 .6 7 5 +

(includes $89,562,000 entered on a non­
competitive basis and accepted in full
at the average price shown below)
Equivalent rate o f discount approx.
1.285% per annum

Range of accepted competitive bid s: ( Excepting three tenders totaling
$600,000)
High ..............................

99.690

Equivalent rate o f discount approx.
1.226% per annum

L o w ................................

99.671

Equivalent rate o f discount approx.
1.302% per annum

(T h e entire amount bid for at the low price was accepted)
Federal Reserve
District

Boston ...........................................
New Y o r k ....................................
Philadelphia ................................
C levelan d .......................................
Richmond ....................................
A tla n ta ...........................................
Chicago ........................................
St. L o u i s ......................................
M inneapolis..................................
Kansas C i t y ..................................
D a lla s .............................................
San F ra n cis co ..............................




T o t a l ................................

Total
Applied fo r

Total
Acceptcd

$

20,060,000
1,337,227,000
34,045,000
38,240,000
5,218,000
8,372,000
249,349,000 •
7,820,000
12,146,000
29,375,000
21,309,000
59,577,000

$

$1,822,738,000

$1,100,070,000

A

14,560,000
675,159,000
24,045,000
27,240,000
5,218,000
8,372,000
216,349,000
7,720,000
12,146,000
29,375,000
21,309,000
58,577,000

llan

S

proul,

President.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102