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Department of the T R E A S U R Y WASHINGTON, D.C. 20220 jjf TELEPHONE 566-2041 Auction date: August 4, 1931 RESULTS OF AUCTION OF 3-1/4-YEAR NOTES The Department of the Treasury has accepted $4,255 million of $12,228 million of tenders received from the public for the 3-1/4- year notes , Series L-1984 , auctioned today. The notes will be issued August 17 , 1981/ and mature November 15 / 1984. The interest coupon rate on the notes will be 16%. The range of accepted competitive bids, and the corresponding prices at the 16% coupon rate are as follows: Prices 99.870 99.795 99.820 Bids 15.94% a/ 15.97% 15.96% Lowest yield Highest yield Average yield Tenders at the high yield were allotted 85%. TENDERS RECEIVED AND ACCEPTED (In thousands) Location Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Treasury Totals $ Received 135,925 9,605,335 89,485 218,815 194,270 120,275 846,340 173,770 106,470 199,810 63,200 467,600 6,765 $12,228,060 $ Accepted 55,775 3,065,035 34,485 105,715 73,310 95,675 273,825 145,070 78,470 191,310 55,200 74,000 6,765 $4,254,635 The $4,254 million of accepted tenders includes $1,697 million of noncompetitive tenders and $2,043 million of competi tive tenders from private investors. It also includes $514 million of tenders at the average price from Federal Reserve Banks as agents for foreign and international monetary authorities in exchange for maturing securities. In addition to the $4,254 million of tenders accepted in the auction process, $1,150 million of tenders were accepted at the average price from Government accounts and Federal Reserve Banks for their own account in exchange for maturing securities, and $271 million of tenders were accepted at the average price from Federal Reserve Banks as agents for foreign and international monetary authorities for new cash. a/ Excepting 1 tender of $450,000. Federal Reserve Bank of New York [Ref. Cir. No. 9114] 8/11/81 Department of theTREASURY WASHINGTON, D.C. 20220 TELEPHONE 566-2041 Auction date: August 5,. 1981 /ft- vnyu, ■? /// RESULTS OF AUCTION OF 10-YEAR NOTES The Department of the Treasury has accepted $2,250 million of $5,466 million of tenders received from the public for the 10-year notes, Series B-1991, auctioned today. The notes will be issued August 17, 1981, and mature August 15, 1991. The interest coupon rate on the notes will be 14-7/8%. The range of accepted competitive bids, and the corresponding prices at the 14-7/8% coupon rate are as follows; Bids Lowest yield Highest yield Average yield Prices 14.93% 15.02% 14.98% Tenders at the high yield were allotted 99.719 99.262 99.465 17%. TENDERS RECEIVED AND ACCEPTED (In thousands) Location Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Treasury Totals $ Received 34,793 4,329,075 14,252 35,387 65,269 37,582 557,623 64,359 50,072 63,817 10,723 201,582 1,842 $5,466,376 $ Accepted 16,963 1,611,750 7,422 28,727 44,609 30,582 195,888 58,854 49,242 43,667 10,723 149,842 1,842 $2,250,111 The $2,250 million of accepted tenders includes $604 million of noncompetitive tenders and $1,646 million of competitive tenders from private investors. In addition to the $2,250 million of tenders accepted in the auction process, $400 million of tenders were accepted at the average price from Government accounts and Federal Reserve Banks for their own account in exchange for maturing securities , and $150 million of tenders were accepted at the average price from Federal Reserve Banks as agents for foreign and international monetary authorities for new cash. Federal Reserve Bank of New York [Ref. Cir. No. 9114] 8/11/81 m Auction date: gAA< * W f August 6, 1981 RESULTS OF AUCTION OF 29-3/4-YEAR TREASURY BONDS AND SUMMARY RESULTS OF AUGUST FINANCING The Department of the Treasury has accepted $2,000 million of $4,739 million of tenders received from the public for the 13-7/8% 29-3/4-year Bonds of 2006-2011, auctioned today. The bonds will be issued August 17, 1981, and mature May 15, 2011. The range of accepted competitive bids was as follows: Approximate Yield TO First TO Prices Callable Date Maturity High 98.99 14.00% 14.00% Low . 98.46 14.08% 14.08% 98.58 14.06% 14.06% Average TENDERS RECEIVED AND ACCEPTED (In Thousands) Received Accepted Location Boston $ 5,331 $ 1,331 New York 3,902,969 1,590,809 Philadelphia 11,411 1,411 Cleveland 16,347 12,347 Richmond 32,892 8,892 Atlanta 30,631 25,031 Chicago 430,491 212,191 St. Louis 45,922 41,172 Minneapolis 37,307 26,067 Kansas City 43,529 26,529 Dallas 6,930 6,930 San Francisco 175,357 47,607 Treasury 114 114 $4,739,231 $2,000,431 Totals The $2,000 million of accepted tenders includes $448 million of noncompetitive tenders and $1,552 million of competitive tenders (including 88 % of the amount of bonds bid for at the low price) from private investors. In addition to the $2,000 million of tenders accepted in the auction process, $305 million of tenders were accepted at the average price frcm Government accounts and Federal Reserve Banks for their own account in exchange for maturing securities SUMMARY RESULTS OF AUGUST FINANCING Through the sale of the three issues offered in the August financing, the Treasury raised approximately $3.5 billion of new money and refunded $7.5 billion of securities maturing August 15, 1981. The following table surmarizes the results: New Issues 14-7/8% 13-7/8% 16% Bonds Notes Notes 11/15/84 8/15/91 5/15/062011 pnh] ic... , ..... . $4.3 $2.0 $2.2 Government Accounts and Fed 0.3 0.4 1.2 eral Reserve Banks. Foreign Accounts 0.2 0.3 for Cash....... $171 $378 $T7 TOTAL....... Details may not add to total due to rounding. Federal Reserve Bank of New York [Ref. Cir. No. 9114] Nonmarketable Maturing Special Securities Issues Tbtal Held — $ 8.5 $5.4 0.2 2.1 2.1 — 0.4 $1572 $117(5 $775 _ Net New Money Raised $3.1 .. 0.4 $13 8/11/81
@FedFRASER