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tm TREASURY NEWS epartment of the Treasury • Washington, D.C. • Telephone 566-2041 A u ct i o n date: May 4, 1982 RESULTS OF AUCTION OF 3-YEAR NOTES The Department of the Treasury has accepted $ 5 , 2 54 million of $12,590 million of tenders received from the public for the 3-year notes, Series M-1985 , auctioned today. The notes will be issued May 17, 1982, and mature May 15, 1985. The interest coupon rate on the notes will be 14-1/8%. The range of accepted competitive bids, and the corresponding prices at the 14-1/8% coupon rate are as follows: Bids Lowest yield Highest yield Average yield 14.16% 1/ 14.19% 14.17% Prices 99.917 99.846 99.893 Tenders at the high yield were allotted 29%. TENDERS RECEIVED AND ACCEPTED (In Thousands) Received Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Treasury Totals $ 80,565 9,916,220 56,600 219,430 220,335 117,170 937,770 167,205 80,490 132,840 37,740 619,750 3,590 $12,589,705 Accepted $ 46,855 4,078,365 28,600 168,195 63,075 90,020 344,025 139,705 67 /920 130,340 26,740 66,750 3,590 $5,254,180 The $ 5,254 million of accepted tenders includes $ million of noncompetitive tenders and $3 , 13 5 million of c o m p e t i tive tenders from private investors. It also includes $620 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 $5,254 million of tenders accepted in the auction process, $1,600 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. 1/ Excepting 1 tender of $55,000. Federal Reserve Bank of New York (Ref Cir. No. 9284] 5/12/82 /rf-bh - h - W TREASURY NEWS department off the Treasury • Washington, D.C. • Telephone 5CC-204I A u ct io n date : May 5 , 1982 RESULTS OF AUCTION OF 10-YEAR TREASURY NOTES AND SUMMARY RESULTS OF MAY FINANCING The Department of the Treasury has accepted $4,001 million of $8,263 million of tenders received from the public for the 10-year Notes of Series B^1992 auctioned today. The notes will be issued May 17, 1982, and mature May 15, 1992. The interest coupon rate on the notes will be 13-3/4%. The range of accepted competitive bids, and the corresponding prices at the 13-3/4% coupon rate are as follows: Prices Bids Lowest yield 13773% 1/ 100.107 Highest yield 13.80% 99.733 99.893 Average yield 13.77% Excepting 1 tender of $20,000. Tenders at the high yield were allotted 51%. TENDERS RECEIVED AND ACCEPTED (In Thousands) Location tecepted Received Boston $ 18,332 $ 21,312 New York 3,179,928 6,524,966 Philadelphia ^1,490 25,470 Cleveland 40,280 42,280 Richmond 39,045 73,965 Atlanta 30,368 42,838 379,119 Chicago 814,549 43,132 St. Louis 45,647 22,341 22,980 Minneapolis 30,073 Kansas City 31,573 14,704 16,704 Dallas 181,041 598,861 San Francisco 1,483 1,483 Treasury Tbtals $8,262,628 $4,001,336 The $4,001 million of accepted tenders includes $ 919 million of non competitive tenders and $ 3,082 million of competitive tenders from private investors. In addition to the $4,001 million of tenders accepted in the auction process, $941 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. SUMMARY RESULTS OF MAY FINANCING Through the sale of the two issues offered in the May financing , the Treasury raised approximately $ 2.9 billion of new money and refunded $ 8.9 billion of securities maturing May 15, 1982. The following table sunmarizes the results: New Issues Net 14-1/8% 13-3/4% Maturing New Notes Notes Securities Money 5/15/85 5/15/92 Total Raised Held Public.......... . $4.0 $ 9.3 $ 6.4 $ 2.9 Government Accounts 0.9 2.5 and Federal Reserve Banks 1•6 2.5 TOTAL........... . $4.9 $11.8 $8.9 $ 2.9 Details may not add to total due to rounding. Federal Reserve Bank of New York [Ref. Cir. No. 9284] — K /19/H 9
@FedFRASER