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FOR IMMEDIATE RELEASE

February 3, 1987

RESULTS OF AUCTION OF 3-YEAR NOTES
The Department of the Treasury has accepted $10,063 million
of $33,000 million of tenders received from the public for the
3=year notes, Series S-1990, auctioned today. The notes will be
issued February 17, 1987, and mature February 15, 1990.
The interest rate on the notes will be 6-1/2%. The range
of accepted competitive bids, and the corresponding prices at the
1/2% rate are as follows:
Yield
6.53%
6.54%
6.54%

Low
High
Average

Price
99.920
99.893
99.893

Tenders at the high yield were allotted 69%.
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
26,255
29,111,355
19,000
108,140
111,215
112,950
1,667,405
74,710
37,195
92,300
27,165
1,610,325
1,810
$32,999,825
$

Accepted
19,635
9,053,845
19,000
89,390
37,580
69,560
455,655
45,920
37,195
89,990
20,615
122,615
1,810
$10,062,810
$

The $10,063 million of accepted tenders includes $
million of noncompetitive tenders and $9,398 million of
competitive tenders from the public.
In addition to the $10,063 million of tenders accepted
in the auction process, $550 million of tenders was awarded at
the average price to Federal Reserve Banks as agents for foreign
and international monetary authorities. An additional $3,590
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.

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February 4, 1987

FOR IMMEDIATE RELEASE

RESULTS OF AUCTION OF 9-3/4-YEAR NOTES
The Department of the Treasury has
of $ 21,916 million of tenders received
7-1/4% 9-3/4-year notes, Series D-1996,
notes will be issued February 17, 1987,
1996.

accepted $9,754 million
from the public for the
auctioned today.JV The
and mature November 15,

The range of accepted competitive bids was as follows:
Price 2/
Yield
Low
7.24%
100.037
High
7.27%
99.830
Average
7.25%
99.968
Tenders at the high yield were allotted 62%.
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
$
11,852
19,981,815
2,825
48,857
10,158
22,513
958,297
49,647
41,700
19,583
4,707
763,330
383
$21,915,667

Accepted
$
8,852
9,245,155
2,825
42,477
9,158
15,233
238,157
31,747
41,510
19,583
4,707
94,330
383
$9,754,117

The $9,754 million of accepted tenders includes $301
million of noncompetitive tenders and $9,453 million of com­
petitive tenders from the public.
In addition to the $9,754 million of tenders accepted in
the auction process, $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.

1/

The minimum par amount required for STRIPS is $800,000.
Larger amounts must be in multiples of that amount.

2/ In addition to the auction price, accrued interest of
$18.82597 per $1,000 for November 15, 1986, to February 17,
1987, must be paid.

3

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February 5, 1987

FOR IMMEDIATE RELEASE

RESULTS OF AUCTION OF 29-3/4-YEAR BONDS
The Department of the Treasury has accepted $9,298 million
of $26,770 million of tenders received from the public for the
7=1/2% 29-3/4=year Bonds of 2016 auctioned today.i/ The bonds
will be issued February 17, 1987, and mature November 15, 2016,.
The range of accepted competitive bids was as follows
Low
High
Average

Yield
48%
50%
49%

Price 2/
100.203
99.966
100.084

Tenders at the high yield were allotted 49%.
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
$
13,830
24,542,275
155
11,403
8,232
29,510
1,224,511
48,192
4,566
7,933
53
879,333
471
$26,770,464

Accepted
$
2,320
8,795,647
155
6,303
8,232
7,410
290,104
24,642
4,056
7,933
53
150,483
471
$9,297,809

The $9,298 million of accepted tenders includes $280
million of noncompetitive tenders and $9,018 million of com­
petitive tenders from the public.
In addition to the $9,298 million of tenders accepted in
the auction process, $200 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 $80,000.
Larger amounts must be in multiples of that amount.

2/ In addition to th© auction price, accrued interest of $19.47514
per $1,000 for November 15, 1986, to February 17, 1987, must be
paid.