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FE D E R A L R E SE R V E BANK O F NEW YORK Fiscal Agent o f the United States r Circular N o. 3 8 9 0 1 I August 26.1952 J RESULTS OF BIDDING FOR 92-DAY TREASURY BILLS DATED AUGUST 28, 1952 To all Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: A t the time o f printing our Circular No. 3888, dated August 26, 1952, announcing an offering o f 91-day Treasury bills, to be dated September 4, 1952, the results of bidding fo r the previous week’s issue o f 92-day Treasury bills, to be dated August 28, 1952, and maturing November 28,1952, were not available. The results, now available, are: Total applied for . . Total accepted . . . . $2,161,385,000 1,300,187,000 Average price ............... 99.515 Range o f accepted competitive b id s : H i g h ............................ 99.550 L ow ............................ 99.511 (includes $182,530,000 entered on a non competitive basis and accepted in full at the average price shown below) Equivalent rate o f discount approx. 1.899% per annum Equivalent rate o f discount approx. 1.761% per annum Equivalent rate o f discount approx. 1.913% per annum (59 percent o f the am ount bid for at the low price w as accepted) Federal Reserve District Boston ............................................. $ New Y ork .................................... Philadelphia .................................. Cleveland ....................................... Richmond ...................................... Atlanta ........................................... Chicago ........................................... St. Louis ......................................... Minneapolis .................................. Kansas City .................................. Dallas ............................................. San Francisco .............................. Total ....................................... Total Applied fo r 25,432,000 $ 1,478,977,000 28,512,000 53,072,000 16,500,000 19,708,000 285,379,000 21,333,000 11,775,000 69,003,000 43,225,000 108,469,000 $2,161,385,000 Total Accepted 22,022,000 773,167,000 13,389.000 39,792,000 12,180,000 18,398,000 224,187,000 17,782,000 11,468,000 67,183,000 35,790,000 64,829,000 $1,300,187,000 A llan S prou l, President.
@FedFRASER