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e p a rtm e n t o f the Treasury • W a sh in gto n , D.c. • Telephone 566-2041
RESULTS OF AUCTION OF 3-YEAR NOTES
Auction date:

May 7, 1985

The Department of the Treasury has accepted $8*005 million of
$ 17*974 million of tenders received from the public for the 3-year
notes* Series S-1988* auctioned today. The notes will be issued
May 15* 1985* and mature May 15* 1988e
The interest rate on the notes will be 10%.
The range of
accepted competitive bids, and the corresponding prices at the 1 0 %
interest rate are as follows:
Low
Hi o h

Average

Yield
9.98%
10.03%
1 0 .00 %

irs at the high yield were allotted

Price
100.051
C
.✓ O
-/ O o> oO
r*^“2

1 00. 000
46%.

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
$
87*235
15,019,355
36,370
123,440
127,305
94,665
985,685
200*855
88*795
172*480
31,120
1,001,215
5,035
$17,973,555

Accepted
$
47,235
6,029,885
35,870
121,440
121*685
83,635
342,025
182,315
88*795
170,440
30,120
746,715
5,035
$8,005,195

The $ 8,005 million of accepted tenders includes $ 1,352 million
of noncompetitive tenders and $ 6 *653 mi 11 ion of competitive tenders
from the publico
In addition to the $8,005 million of tenders accepted in the
auction process, $470 million of tenders was awarded at the average
price to Federal Reserve Banks as agents for foreign and international
monetary authorities. An additional $1,400 million of tenders was
also accepted at the average price from Government accounts and Federal
Reserve Banks for their own account in exchange for maturing securities.

Federal Reserve Bank of New York
(Ref. Cir. No. 9849]




(Over)

ct M ci

RESULTS OF AUCTION OF 10-YEAR NOTES
Auction date:

May 8, 1985

The Department of the Treasury has accepted $6,501 million of
$15,225 million of tenders received from the public for the 10-year
notes, Series B=1995, auctioned today,. The notes will be issued
May 15, 1985, and mature May 15, 1995.
The interest rate on the notes will be 11=1/4%.1/ The range
of accepted competitive bids, and the corresponding prices at the
11=1/4% interest rate are as follows:
Price
Yield
99.823
Low
11.28% a/
99.587
High
11.32%
99.705
Average
11.30%
a/ Excepting 2 tenders totaling $25,000.
Tenders at the high yield were allotted 24%.
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
$
42,092
13,433,621
9,290
90,992
17,480
26,439
852,162
200,968
12,067
44,850
8,305
483,078
3,206
$15,224,550

Accepted
$
12,092
5,727,841
9,290
56,672
12,480
26,304
267,242
200,958
12,067
44,850
7,545
120,078
3,206
$6,500,625

The $6,501 million of accepted tenders includes $721
million
of noncompetitive tenders and $5,750 million of competitive tenders
from the public.
In addition to the $6,501 million of tenders accepted in
the auction process, $5 million of tenders was awarded at the
average price to Federal Reserve Banks as agents for foreign and
international monetary authorities. An additional $600 million
of tenders was also accepted at the average price from Government
accounts and Federal Reserve Banks for their own account in
exchange for maturing securities.
1/ The minimum par amount required for STRIPS is $160,000.
Larger amounts must be in multiples of that amount.




,■• '

- 5 ""

rREASURY NEWS

> a rtm e n t o f th e T re a su ry • W a sh in g to n , D.C. • T e le p h o n e 566-2041
RESULTS

OF A U C T I O N OF

29-3/4-YEAR TREASURY BONDS

A u c t i o n d ate:

May

9*

1985

The Department of the Treasury has accepted $ 6,020 million of
$15*870 million of tenders received from the public for the 11-1/4%
29-3/4-year Bonds of 2015 1 / auctioned today. The bonds will be
issued May 15* 1985* and mature February 15* 2015.

The range of accepted competitive bids was as follows:
Yield
Low
High
Average

11.36%
11.39%
11.38%

Price
98 o990
98.739
98.822

Tenders at the high yield were allotted 36%.

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
$

17,392
14,173*324
1*357
52*628
14*678
15*127
697*707
185*719
12*284
20,135
2,363
677*270
136

$15*870*120

Accepted
$

3,112
5,399,210
1*357
26,628
2*758
13*127
245*587
179,899
11,644
20,135
1*723
114*350
136

$6*019*666

The $6,020 million of accepted tenders includes $554
million
of noncompetitive tenders and $5,466 million of competitive tenders
from the public.
In addition to the $6*020 million of tenders accepted in
the auction process, $405 million of tenders was accepted at the
average price from Government accounts and Federal Reserve Banks
for their own account in exchange for maturing securities.
1/ The minimum par amount required for STRIPS is $160*000.
Larger amounts must be in multiples of that amount.

Federal Reserve Bank of New York
[Ref. Cir. No. 9849]