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F E D E R A L R E SE R V E BANK
O F N EW YO R K
Fiscal A gen t o f the U nited States

f Circular No. 3 9 0 7 1
I
October 7. 1952 j

RESULTS OF BIDDING FOR T R E A SU R Y BILLS
D ATED OCTOBER 9, 1952

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

A t the time of printing our Circular No. 3906, dated October 7, 1952, announcing
an offering of 91-day Treasury bills, to be dated October 16, 1952, the results of
bidding for the previous week’s issue of 91-day Treasury bills, to be dated October 9,
1952, and maturing January 8, 1953, were not available. The results, now available,
are:
Total applied for . .
Total accepted

. ...

$2,108,115,000
1,400,115,000

Average price .................

99.538

(includes $215,237,000 entered on a non­
competitive basis and accepted in full
at the average price shown below)
Equivalent rate o f discount approx.
1.829% per annum

Range o f accepted competitive b id s:
High

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

99.575

Equivalent rate o f discount approx.
1.681% per annum

Low

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

99.531

Equivalent rate o f discount approx.
1.855% per annum

(50 percent o f the amount bid for at the low price was accepted)
Federal Reserve
District

Boston .............................................$
New Y o r k ........................................
Philadelphia ....................................
Cleveland ........................................
Richmond ........................................
Atlanta .............................................
Chicago
...........................................
St. Louis ...........................................
Minneapolis ....................................
Kansas City ....................................
Dallas ...............................................
San Francisco ................................




Total

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

Total
Applied fo r

16,918,000
$
1,475,630,000
40,844,000
57,169,000
21,279,000
29,704,000
232,126,000
32,381,000
10,101,000
50,871,000
63,707,000
77,385,000
$2,108,115,000

Total
Accepted

15,918,000
816,880,000
25,844,000
52,169,000
20,779,000
29,704,000
210,876,000
31.881,000
10,101,000
50,871,000
57,707,000
77,385,000
$1,400,115,000
A

llan

Sproul,

President.

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