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FEDERAL RESERVE

BANK

O F N EW YORK
Fiscal Agent o f the United States
(Circular No. 3 0 4 81
February 17,1983 J

RESULTS OF BIDDING FOR TREASURY BILLS
DATED FEBRUARY 19, 1953

To all Incorporated Banks and Trust Companies, and Others
Concerned, in the Second Federal R eserve D istrict:

A t the time o f printing our Circular No. 3947, dated F ebru ary 17, 1953,
announcing an offering o f 91-day T reasury bills, to be dated F ebruary 26, 1953, the
results o f bidding fo r the previous w eek ’ s issue o f 91-day T reasury bills, to be dated
F ebruary 19, 1953, and m aturing M ay 21, 1953, were not available. The results, now
available, a re:
Total applied for . .

$2,291,545,000

Total a ccep ted .........

1,301,266,000

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

99.500*f-

(includes $242,061,000 entered on a non­
competitive basis and accepted in full
at the average price shown below)
Equivalent rate o f discount approx.
1.976% per annum

Range o f accepted competitive bids:
H i g h ..............................

99.520

Equivalent rate o f discount approx.
1.899% per annum

Low

99.498

Equivalent rate o f discount approx.
1.986 per annum

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

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

Boston ................................................... $
New Y o r k .............................................
Philadelphia .........................................
C lev ela n d ...............................................
Richmond .............................................
Atlanta .................................................
Chicago .................................................
St. L o u i s ...............................................
Minneapolis .........................................
Kansas City .........................................
D a lla s ......................................................
San F ra n cisco .......................................
Total




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

Total
Applied fo r

20,738,000
$
1,527,939,000
30,785,000
56,493,000
18,700,000
42,975,000
268,925,000
54,242,000
17,657,000
54,332,000
60,945,000
137,814,000
$2,291,545,000

Total
Accepted

19,938,000
770,454,000
13,880,000
34,673,000
17,700,000
34,926,000
175,969,000
39,431,000
14,742,000
38,394,000
38,925,000
102,234,000
$1,301,266,000
A

llan

S

proul,

President.

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