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# r - TREASURY NEWS -2041 le p a rtm e n t of th e Tre a su ry • W ashington, D.c. • Telepho ne Auction RESULTS OF AUCTI ON OF date: 3-YEAR November 3, 1982 NOTES The D e p a r t m e n t o f t h e T r e a s u r y h a s a c c e p t e d $ 6 , 0 0 1 m illion of $12,821 m i l l i o n o f t e n d e r s r e c e i v e d from the p u b l i c f o r the 3 - y e a r n o tes, S eries P -1985, auctioned today. The n o t e s w i l l be i s s u e d N o v e m b e r 1 5 , 1 9 8 2 , and m a t u r e N o v e m b e r 1 5 , 1 9 8 5 . The i n t e r e s t c o u p o n r a t e on t h e n o t e s w i l l be 9-3/4% . The r a n g e o f a c c e p t e d c o m p e t i t i v e b i d s , and t h e c o r r e s p o n d i n g p r i c e s the 9-3/4% coupon r a t e are as f o l l o w s : Bids Lowest y i e l d Highest y ield Average y ie ld Tenders at TENDERS Prices 9.70% 9.90% 9.86% the high yield RECEI VED were 1/ 100.128 99.619 99.720 allotted AND ACCEPTED (In 61%. Thousands) Received Boston New Y o r k Philadelphia Cleveland Richmond Atlanta Chicago S t. Louis Minneapolis Kansas C i t y Dallas San F r a n c i s c o Treasury $ The m illion tenders Accepted 90,678 10,330,550 66,700 159,475 135,700 67,290 1,014,125 142,328 38,815 77,930 20,540 673,035 3,455 $ $12,820,621 Totals $6,001 m illion of noncom petitive from the p u b l i c . at of accepted t e n d e r s and 60,655 4,750,000 49,750 113,195 86,115 61,890 362,870 92,325 38,815 77,235 19,540 284,015 3,455 $6,000,860 tenders $4,707 includes $ m illion of competitive In a d d i t i o n t o t h e $ 6 , 0 0 1 m i l l i o n o f tend ers accepted in the a u c t i o n p r o c e s s , $ 3 3 0 m i l l i o n o f t e n d e r s was a w a r d e d a t t h e a v e r a g e p r i c e t o F e d e r a l R e s e r v e B a n k s a s a g e n t s f o r f o r e i g n and i n t e r n a t i o n a l monetary a u t h o r i t i e s . An a d d i t i o n a l $ 6 0 0 m i l l i o n o f t e n d e r s w a s a l s o a c c e p t e d a t - t h e a v e r a g e p r i c e f r o m G o v e r n m e n t a c c o u n t s and F e d e r a l R e s e r v e B a n k s f o r t h e i r own a c c o u n t i n e x c h a n g e f o r m a t u r i n g s e c u r i t i e s . 1/ E x c e p t i n g 1 Federal Reserve Bank of New York [Ref. Cir. No. 9391] tender of $70,000. / 11 16/82 f TREASURY NEWS D epartm ent of the Tre a su ry • W ashington, D.C. • Telephone 566-2041 Auction RESULTS OF AUCTI ON OF date: 10-YEAR November 4, 1982 NOTES The D e p a r t m e n t o f t h e T r e a s u r y h a s a c c e p t e d $ 4 , 0 0 5 m illion of $7,998 m i l l i o n o f t e n d e r s r e c e i v e d from the p u b l i c f o r the 1 0 - y e a r notes, Series C-1992, auctioned today. The n o t e s w i l l be i s s u e d November 1 5 , 1 9 8 2 , and m a t u r e No v em b e r 1 5 , 1 9 9 2 . The i n t e r e s t r a t e on t h e n o t e s w i l l be 10-1/2% . The r a n g e o f a c c e p t e d c o m p e t i t i v e b i d s , and t h e c o r r e s p o n d i n g p r i c e s a t t h e 10-1/2% i n t e r e s t r a t e are as f o l l o w s : Bids Lowest y i e l d Hiqhest y ie ld Average y i e ld Tenders at 10.46% 10.53% 10.50% the TENDERS Prices high yield RECEI VED were 100.244 99.817 100.000 1/ allotted AND ACCEPTED (In 43%. Thousands) Accepted Received Boston $ New York Philadelphia Cleveland Richmond Atlanta Ch 1 c a g o S t. Louis Minneapolis Kansas C i t y Dallas San F r a n c i s c o Treasury $ 19,623 6, 5 8 4 , 5 9 3 12,235 38,449 47,093 36,481 714,350 81,113 29,349 22,820 14,333 396,898 706 $7, 9 9 8 ,0 4 3 Totals The $4,005 m illion m illio n of noncom petitive t e n d e r s from th e p u b l i c . of accepted t e n d e r s and 14,623 3,515,138 12,235 30,949 31,313 31,911 191,770 61,543 29,349 21,820 9,333 54,778 706 $4,005,468 tenders $3,085 includes $920 m illio n of competitive In a d d i t i o n t o t h e $ 4 , 0 0 5 m i l l i o n o f te n d e r s a c c e p te d in the a u c t i o n p r o c e s s , $ 6 5 m i l l i o n o f t e n d e r s was a wa r d e d a t t h e a v e r a g e p r i c e t o F e d e r a l R e s e r v e B a n k s a s a g e n t s f o r f o r e i g n and i n t e r n a t i o n a l monetary a u t h o r i t i e s . An a d d i t i o n a l $ 2 5 0 m i l l i o n o f t e n d e r s w a s a l s o a c c e p t e d a t t h e a v e r a g e p r i c e f r o m G o v e r n m e n t a c c o u n t s and F e d e r a l R e s e r v e B a n k s f o r t h e i r own a c c o u n t i n e x c h a n g e f o r m a t u r i n g s e c u r i t i e s . 1/ Excepting 1 Federal Reserve Bank of New York (Ref Cir. No. 9391] tender of $1,000,000. / 11 16/82 le p a rtm e n t of the Tre a su ry • W ashington, D.C. • Telepho ne 566-2041 A u c t i o n date: November 9, 1982 RESULTS OF AUCTION OF 30-YEAR TREASURY BONDS AND SUMMARY RESULTS OF NOVEMBER FINANCING The Department of the Treasury has accepted $3,002 million of $7,428 million of tenders received frcm the public for the 30-year Bonds of 2007-2012, auctioned today. The bonds will be issued November 15, 1982, and mature November 15, 2012. The interest rate on the bonds will be 10-•3/8%. The range of accepted ccnpetitive bids, and the corresponding prices at the 10-3/8% interest rate are as follows: Prices Bids 10.44% 99.407 Lowest yield 10.48% 99.045 Highest yield 99.226 10.46% Average yield Tenders at the high yield were allotted 70%. TENDERS RECEIVED AND ACCEPTED (In Thousands) Location Accepted Received Boston $ 9,858 $ 4,558 New York 6,502,630 2,653,190 Philadelphia 2,675 2,675 Cleveland 14,499 5,499 Richmond 39,463 14,863 Atlanta 27,501 15,701 Chicago 492,972 155,272 St. Louis 68,563 47,983 Minneapolis 27,852 24,252 Kansas City 10,106 9,106 11,138 Dallas 7,938 San Francisco 220,191 60,491 78 78 Treasury $7,427,526 $3,001,606 Totals The $3,002 million of accepted tenders includes $701 million of non competitive tenders and $2,301 million of competitive tenders frcm the public. In addition to the $3,002 million of tenders accepted in the auction process, $159 million of tenders were accepted at the average price frcm Government accounts and Federal Reserve Banks for their cwn account in exchange for maturing securities. SUMMARY RESULTS OF NOVEMBER FINANCING Through the sale of the three issues offered in the November financing, the Treasury raised approximately $8.8 billion of new money and refunded $5.6 billion of securities maturing November 15, 1982. The following table summarizes the results: New Issues 9-3/4% 10-1/2% 10-3/8% NonmarNet Notes Notes Bonds ketable Maturing New 11/15/85 11/15/92 11/15/07- Special Securities Money 2012 Issues Total Held Raised Public............ . $6.0 $4.0 $3.0 $ $13.0 $4.6 $8.4 Government Accounts and Federal Reserve Banks. . 0.6 0.2 0.2 (*) 1.0 1.0 Foreign Accounts... 0.1 0.3 0.4 0.4 TOTAL............. . $6.9 $4.3 $3.2 $14.4 $5.6 (*) $8.8 $50 million or less. Details may not add to total due to rounding. Federal Reserve Bank of New York [Ref. Cir. No. 9391] i 11/16/82
@FedFRASER