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TREASURY NEWS Department of the Treasury • Washington, D.c. • Telephone 566-2041 RESULTS OF AUCTION OF 3-YEAR NOTES Auction dates May 6, 1986 The Department of the Treasury has accepted $9,013 million of $ 24,964 million of tenders received from the public for the 3=year notes, Series R-1989, auctioned today. The notes will be issued May 15, 1986, and mature May 15, 1989. The interest rate ©n the notes will be 6=7/8%. The range of accepted competitive bids, and the corresponding prices at the 6=7/8% interest rate are as follows; Low High Average .field Price 6.94% 6.98% 6 o97% 99.827 99.720 99.747 Tenders at the high yield were allotted 0%o 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 $ 45,560 21,515,165 16,750 257,715 45,065 42,385 1,920,825 96,095 31,095 91,685 18,450 881,595 2,085 $24,964,470 Accepted $ 15,560 7,886,005 16,750 49,315 33,385 40,465 656,545 76,095 25,595 89,685 14,450 107,395 2,085 $9,013,330 The |9,013 million of accepted tenders includes 1 685 million of noncompetitive tenders and $8,328 million of competi tive tenders from the public. In addition to the $9,013 million of tenders accepted in the auction process, $388 million of tenders was awarded at the average price to Federal Reserve Banks as agents for foreign and international monetary authorities. An additional $1,019 million of tenders was also accepted at the average price from Govern ment accounts and Federal Reserve Banks for their own account in exchange for maturing securities. Federal Reserve Bank of New York [Ref. Cir. No. 1U.029| (Over) — 2. " RESU LTS O F A U C T IO N A u c tio n d a tes OF M ay 10-Y E A R N O TES 1„ 1986 Th© D e p a rtm e n t o f tin© T r e a s u r y to© ©f $ 2 0 *® 3 © m i l l i o n ®f te n d e r © r e c e i v e d 1 0 = y © a r n o t e s * S e r i e s C=199(S* a u c t i o n e d i s s u e d May I S * 1 9 8 6 * and a a t u r © May I S * a ccep ted $ 9 ^ 0 1 7 m illio n fr @ s th e p u b lic fo r th e t o d a y » The n o t e s u i l l b e 1 9 9 6 <> The i n t e r e s t r a t e ©n t h e n o t e s u i l l b© 7 = 3 / 8 % „ ! / The r a n g e ®f a c c e p t e d © o a p e t i t i v © b id © * 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 7 = 3 /8 % i n t e r e s t r a t © a r e a® f o l l o w s s L®u High A v e ra g e A field B ric e ?°45% 7 o48% 7 ° 47% 99 o478 99 o2 7 0 9 9 .3 3 9 T e n d e r s a t t h e h ig h y i e l d w a re a l l o t t e d 80% „ TIMBERS R 1C E IF 10 AMO ACCEPTED ( I n T h o u s a n d s ) R e ce iv e d L o ca tio n !© s t© n Meu Y o rk P h ila d e lp h ia C le v e la n d Richmond A tla n ta C h ic a g o St o L o u is M in n e a p o lis K ansas C ity D a lla s San F r a n c i s c o T reasu ry T o ta ls $ 44,318 18*542*363 605 30*676 16*394 28*057 1*303*456 70*728 20*131 28*805 5*916 738*434 324 $20*830*207 A ccep ted $ 4,318 8*405*363 605 25*676 9*394 22*457 380*056 54*728 18*131 26*805 1*916 67*434 324 $9*017*207 The 1 9 * 0 1 7 B illio n ®f a c c e p t e d t e n d e r s i n c l u d e s 1 4 3 2 m i l l i o n ® f n o n c o m p e t i t i v e t e n d e r s and 1 8 * 5 8 5 B i l l i o n ®£ c o m p e tit i v e t e n d e r © fr © ii t h e p u b l i c o In a d d itio n to th e 19*017 m i l l i o n ®£ t e n d e r s a c c e p t e d i n t h e a u c t i o n p r o c e s s * $S m i l l i o n ©£ t e n d e r s was a u a r d e d a t t h e a v e r a g e p r i c e t© F e d e r a l R e s e r v e Bank® a® 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 m o n e ta ry a u t h o r i t i e s . An a d d i t i o n a l $ 5 0 0 m i l l i o n ©f t e n d e r s u 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 fr©m G o v e r n a 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 ®^n 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 in g s e c u r i t i e s . 1 / The minimum p a r amount r e q u i r e d f o r ST R IP S i s $1*600*000° L a r g e r am ounts m u st b e i n m u l t i p l e s o f t h a t a m o u n t. A f / o , o z ° i TREASURY NEWS lepartment of the Treasury • Washington, D .c . • Telephone 566*2041 RESULTS OF AUCTION OF 3 0 - Y E A R BONDS A u c tio n d a te : M ay 8 , 1 9 8 6 The Department of the Treasury has accepted $9,015 million of $19,095 million of tenders received from the public for the 30-year Bonds auctioned today. The bonds will be issued May 15, 1986, and mature May 15, 2016. The interest rate on the bonds will be 7-1/4% oA/ The range of accepted competitive bids, and the corresponding prices at the 7-1/4% interest rate are as follows; Low High Average Yield Price 7.34% 7.40% 7.37% 98.915 98.202 98,557 Tenders at the high yield were allotted 21%. 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 Accepted $ 22,187 17,464,856 113 439 6,245 15,761 899,688 60,106 8,402 9,656 1,355 606,243 58 $19,095,109 $ 6,187 8,552,566 113 439 3,665 6,391 243,998 44,106 8,402 9,656 1,355 137,843 58 $9,014,779 The $9,015 million of accepted tenders includes $337 million of noncompetitive tenders and $8,678 million of competitive tenders from the public, In addition to the $9,015 million of tenders accepted in the auction process, $300 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 $800,000. Larger amounts must be in multiples of that amount. Federal Reserve Bank of New York [Ref. Cir. No. 10,029J
@FedFRASER