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FEDERAL RESERVE BANK
O F N E W YORK
Fiscal A g en t o f the U nited States
r C ir c u la r N o . 3 7 4 7 1
L A u g u s t 2 8 . 1951 J

R E SU L T S O F B ID D IN G F O R T R E A S U R Y B ILLS
D A T E D A U G U S T 30, 1951

lo

all In corpora ted Banks and Trust Com panies in the
Second Federal R eserv e D istrict and O th ers C on cern ed :

At the time o f printing our Circular No. 3746, dated August 28, 1951, relating to
an offering o f 91-day Treasury bills, dated September 6, 1951, the results o f bidding
for the previous week’s issue o f 91-day Treasury bills, dated August 30, 1951, and
maturing November 29, 1951, were not available. The results, now available, are:
Total applied for — $1,998,093,000
Total accepted

— $1,100,836,000

Average p r i c e .............

9 9 .5 8 4 +

(includes $132,424,000 entered on a non­
competitive basis and accepted in full
at the average price shown below)
Equivalent rate o f discount approx.
1.645% per annum

Range o f accepted competitive b id s:
High ............................

99.608

Equivalent rate o f discount approx.
1.551% per annum

Low

99.582

Equivalent rate o f discount approx.
1.654% per annum

............................

(25 percent o f the amount bid for at the low price was accepted)
F ederal R eserv e
D istrict

B o s t o n .............................................
New Y ork ....................................
Philadelphia ..................................
Cleveland .......................................
Richmond .......................................
Atlanta ...........................................
C h ic a g o ...........................................
St. L o u i s .........................................
Minneapolis ..................................
Kansas City ................................
Dallas .............................................
San Francisco ..............................




Total .......................................

T otal
A pplied fo r

$

10,952,000
1,434,856,000
26,461,000
44,193,000
11,984,000
27,772,000
257,850,000
20,353,000
3,995,000
37,048,000
31,189,000
91,440,000

$1,998,093,000

Total
A ccep ted

$

9,452,000
707,506,000
10,574,000
36,193,000
10,459,000
16,342,000
182,065,000
17,278,000
3,565,000
33,848,000
18,089,000
55,465,000

$1,100,836,000

A llan

S proul,

President.

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