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FED ERAL R E SE R V E BANK
OF NEW YORK
Fiscal A g en t o f the U nited States
r Circular No. 3 9 8 3 1
L
May 30, 1953
J

Results o f Bidding for 107-Day Treasury Bills, Dated June 3 , 1953
Tax Anticipation Series
To all Incorporated Banks and Trust Companies, and
Others Concerned, in the Second Federal Reserve D istrict:

The S ecretary o f the T reasury announced that the tenders fo r $800,000,000,
o r thereabouts, o f T ax A nticipation Series 107-day T reasury bills to be dated
June 3 and to mature Septem ber 18, 1953, which were offered on M ay 26, were
opened at the F ederal R eserve Banks on M ay 29.
The details o f this issue are as fo llo w s:
Total applied for . . $1,675,707,000
Total accepted . . . . $ 800,064,000

(Includes $117,267,000 entered on a nonĀ­
competitive basis and accepted in full
at the average price shown below)

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

Equivalent rate of discount approx.
2.383% per annum

99.292

Range of accepted competitive b id s:
H igh

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

99.479

Equivalent rate of discount approx.
1.753% per annum

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

99.274

Equivalent rate of discount approx.
2.443% per annum

(68 percent of 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 ...........................................
A tla n ta .................................................
Chicago ...............................................
St. Louis .............................................
M inn eapolis.........................................
Kansas C i t y .........................................
D a lla s ....................................................
San F r a n c is co ....................................




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

Total
Applied fo r

$

Total
Accepted

29,840,000
981,051,000
74,527,000
99,040,000
25,472,000
50,892,000
188,309,000
56,510,000
21,085,000
43,747,000
34,679,000
70,555,000

$ 22,208,000
303,866,000
36,617,000
58,240,000
19,908,000
38,392,000
148,609,000
44,670,000
18,485,000
34,107,000
30,043,000
44,919,000

$1,675,707,000

$800,064,000
A

llan

S proul,

P resident.

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