Section V  
     
 
      POWER AUTHORITY OF THE STATE OF NEW YORK    
  Summary of Bids Solicited for the Purchase or Sale  
  of Securities and Transactions Consummated with Dealers  
  For the Year Ended December  31, 2004  
 
  CDs and  
  Bids   Bids   Securities   Repurchase   Total  
Primary Dealers Accepted   Solicited   Purchased/Sold   Agreements   Transactions  
               
       
Citigroup 14   195           112,372,119   0   112,372,119  
Deutsche Bank 52   87           465,343,690   50,000,000   515,343,690  
Goldman Sachs 8   11             30,039,160   0   30,039,160  
JP Morgan Chase 93   93           315,395,996   0   315,395,996  
Key Bank 14   14   0   5,189,621   5,189,621  
Lehman Brothers 92   155             58,694,067   3,200,000,000   3,258,694,067  
Merrill Lynch 15   61           112,981,153   0   112,981,153  
Mizuho 88   218   260,072,538   2,220,000,000   2,480,072,538  
  376   834       1,354,898,724      5,475,189,621          6,830,088,345  
           
Minority-Owned Dealers                  
                       
                   
  #REF!   #REF!   #REF!   #REF!   #REF!  
Blaylock & Partners 17   26           391,128,119   0   391,128,119  
Redwood Securities 8   8           139,904,636   0   139,904,636  
          SUBTOTAL 25   34           531,032,755   0             531,032,755  
             
                     
Grand Total  401   868         1,885,931,478        5,475,189,621            7,361,121,099