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REASURY NEWS lartm ent o f th e Treasury • W ashington, D.C. • Tolephone 566*2001 f A u c t i o n date: t ' 7 *> N o v e m b e r 7, 1983 R E S U L T S O F A U C T I O N OF 3 - Y E A R N O T E S T h e D e p a r t m e n t of the T r e a s u r y has a c c e p t e d $6,503 m i l l i o n of $ 1 4 , 9 8 2 m i l l i o n of t e n d e r s r e c e i v e d f r o m the p u b l i c for the 3 -year notes, S e r i e s P-1986, a u c t i o n e d today. The notes will be issued N o v e m b e r 15, 1983, and m a t u r e N o v e m b e r 15, 1986. The i n t e r e s t rate on the notes will be 11%. The range of a c c e p t e d c o m p e t i t i v e bids, and the c o r r e s p o n d i n g p r i c e s at the 11% i n t e rest r ate are as follows: Yield Low High Average Price 1 1.00% 1/ 11 . 1 2 % 11. 1 1 % T e n d e r s at the h i g h y i e l d w e r e a l l o t t e d 100.000 99.701 99.726 50%. T E N D E R S R E C E I V E D A N D A C C E P T E D (In Thousands) Re c e i v e d Boston N e w York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San F r a n c i s c o Treasury Totals $ 330,280 12,257,690 48,545 203, 2 5 0 152,650 123,015 859,685 161,060 5 1 ,010 107,095 42,880 640,275 4,100 $14,981,535 Accepted $ 171,280 5,0 6 7 , 8 2 0 48,545 152,250 125,150 112,015 333,685 141,310 50,510 104,345 35,380 156,225 4,100 $6,50 2 , 6 1 5 The $6,503 m i l l i o n of a c c e p t e d tenders includes $ m i l l i o n of n o n c o m p e t i t i v e t e n de r s and $ 5 , 3 2 4 m i l l i o n of c o m p e t i t i v e t e n d e r s from the public. In a d d i t i o n to the $ 6 , 5 0 3 m i l l i o n of t e n ders acce p t e d in the a u c t i o n process, $ 30 m i l l i o n of tenders was a w a r d e d at the a v e rage p r i c e to F e d eral R e s e r v e B a n k s as a g e n t s for f o r eign and i n t e r n a t i o n al monetary authorities. An a d d i t i o n a l $ 1 , 1 0 0 m i l l i o n of t e n ders was a l s o a c c e p t e d at the a v e r a g e price from G o v e r n m e n t a ccounts and Federal R e s e r v e B a n k s for t h e i r own a c c o u n t in e x c h a n g e for m a t u r i n g securities. 1/ E x c e p t i n g 3 t e n d e r s t o t a l i n g $115,000. Federal Reserve Bank ol New York [Ref Cir No 9573) 11/16/83 TREASURY NEWS ep artm en t o f th e Treasury • W ashington, D.C. • Telephone 566-2041 A u c t i o n date: N o v e m b e r 9, 1983 R E S U L T S O F A U C T I O N O F 1 0 - Y E A R NOT E S T h e D e p a r t m e n t of the T r e a s u r y has a c c e p t e d $ 5 , 2 5 2 m i l l i o n of $ 1 2 , 2 9 2 m i l l i o n of t e n d e r s r e c e i v e d from the p u b l i c for the 1 0 - year notes, S e r i e s D-1993, a u c t i o n e d today. Th e not e s w i l l be issued N o v e m b e r 15, 1983, and m a t u r e N o v e m b e r 15, 1993. The i nterest r a t e on the n o t e s w ill be 11-3/4%. The range of a c c e p t e d c o m p e t i t i v e bids, and the c o r r e s p o n d i n g p r i c e s at the 1 1 - 3 / 4 % i n t e r e s t rate are as follows: Yield Low High Average Price 1 1 .80% 11.86% 11.84% T e n d e r s at the h i g h y i e l d w e r e a l l o t t e d 99.711 9 9.366 9 9.480 31%. T E N D E R S R E C E I V E D A N D A C C E P T E D (In Thous a n d s ) Received Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San F r a n c i s c o Treasury Tota l s $ 152,236 10,214,624 7,600 44 , 7 8 6 44,801 31,076 692,821 83,447 18,318 26 , 9 2 6 17,060 9 5 5 ,791 2,174 $12,291,660 Accepted $ 17 , 2 3 6 4,395,215 7,600 38,336 29,341 2 5 ,352 2 0 8 ,256 75,687 17,318 24 , 9 2 6 12,060 398,421 2,174 $5,251,922 The $ 5 , 2 5 2 m i l l i o n of a c c e p t e d t e n d e r s i n cludes $ m i l l i o n of n o n c o m p e t i t i v e t e n d e r s and $ 4 , 6 6 8 m i l l i o n of c o m p e t i t i v e t e n d e r s from the public. In a d d i t i o n to the $ 5 , 2 5 2 m i l l i o n of tenders a c c e p t e d in the a u c t i o n p rocess, $50 m i l l i o n of t e n ders was a w a r d e d at the a v erage p r i ce to F e d e r a l R e s e r v e B anks as a g e n t s for f o r e i g n and i n t e r n a t i o n al monetary authorities. An a d d i t i o n a l $ 7 0 0 m i l l i o n of tenders was a l s o a c c e p t e d at the a v e r a g e p r i c e from 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 nks for t h e i r o w n a c c o u n t in e x c h a n g e for m a t u r i n g securities. Federal Reserve Bank of New York (Ret Cir No 9573] 11/16/83 TREASURY NEWS D e p a r t m e n t o f t h e T r e a s u r y • W a s h in g t o n , D.C. • T e le p h o n e 5 6 6 -2 0 4 1 Auction date: November 10, 1983 RESULTS OF AUCTION OF 29-3/4-YEAR TREASURY BONDS AND SUMMARY RESULTS OF NOVEMBER FINANCING The Department of the Treasury has accepted $ 4,254 million of $ 9,380 million of tenders received from the public for the 122 29-3/4-year Bonds of 2008-2013, auc tioned today. The bonds will be issued November 15, 1983, and mature August 15, 2013. The range of accepted competitive bids was as follows: Low High Average Yield 11.752 11.822 11.802 Price 101.971 101.387 101.553 Tenders at the high yield were allotted 372. TENDERS RECEIVED AND ACCEPTED (In Thousands) Location Received Accepted Boston $ 122,530 $ 9,270 New York 7,602,012 3,587,762 Philadelphia 2,594 2,594 Cleveland 24,544 15,134 Richmond 16,415 9,470 Atlanta 25,873 25,143 Chicago 578,018 117,418 St. Louis 63,003 62,503 Minneapolis 15,201 11,941 Kansas City 22,632 22,632 1,294 Dallas 1,294 San Francisco 905,880 388,100 Treasury 390 390 Totals $9,380,386 $4,253,651 The $4,254 million of accepted tenders includes $528 million of noncompetitive tenders and $3,726 million of competitive tenders from the public. In addition to the $4,254 million of tenders accepted in the auction process, $434 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 NOVEMBER FINANCING Through the sale of the three issues offered in the November financing, the Treasury raised approximately $10.2 billion of new'money and refunded $8.1 billion of securities maturing November 15, 1983. The following table summarizes the results New Issues Net 11-3/42 122 112 Maturing New Notes Bonds Notes Securities Money 11/15/86 11/15/93 8/15/08Total Held Raised 2013 $5.3 $4.3 $16.0 $5.9 $10.1 $6.5 Public............. Government Accounts and Fed2.2 0.7 .4 2.2 eral Reserve Banks... 1.1 .1 .1 Foreign Accounts.... (*) (*) $18.3 $6.0 $4.7 $8.1 $10.2 $7.6 TOTAL.............. * $50 million or less. Details may not add to total due to rounding. f-eaerai Reserve Bank ot New York | Ret Cir No 9573| 1 1 /1 6 /8 3
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