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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.
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