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TREASURY NEWS l 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 to n , D.C. • T e le p h o n e 5 6 6 -2 0 4 1 A u c tion date: June 21, 1983 RESULTS OF AUCTION OF 4-YEAR NOTES The 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 $5,787 m i l l i o n of $ 1 4 , 6 8 3 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 pu b l i c for the 4-year n otes, S e r i e s J - 1 9 8 7 , a u c t i o n e d today. The not e s will be issued J une 30, 1983, and m a t u r e J u n e 30, 1987. The i n t e r e s t r a t e on the n o t e s w ill be 10-1/2%. The r a n g e 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 prices at the 10-1/2% i n t e r e s t r a t e are as follows: Bids Prices 10.61%1/ 10.62% 10.62% Lowest yield Highest yield Average yield 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 99.649 99.617 99.617 99%. 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) Location Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. L o uis Minneapolis K a n s a s City Dallas San F r a n c i s c o Treasury Totals Rece i v e d 1 4 8 ,354 12,672,650 38,712 91,859 77,974 52,016 1,013,844 88,194 21,612 4 0 ,022 18,651 416,799 2,063 $14,682,750 $ Accepted 26,354 5,259,971 13,212 41,859 27,974 34,996 193,584 80,169 13,612 37,022 16,651 39,749 2,063 $5,787,216 $ The $ 5 , 7 8 7 m i l l i o n of a c c e p t e d t e n ders i n cludes $ 1,293 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 , 4 9 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 p u b lic. In a d d i t i o n to the $ 5 , 7 8 7 m i l l i o n of tenders acce p t e d in the a u c t i o n p r o c e s s , $305 m i l l i o n of t e n d e r s was a w a r d e d at the a v e r a g e p r i c e to Federal 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 a l monetary authorities. An a d d i t i o n a l $316 m i l l i o n of tenders w a s also a c c e p t e d at the a v e r a g e p r i c e f rom 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 their 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 s e c u r i t i e s . 1/ E x c e p t i n g 1 t e n d e r of $4,000. Federal Reserve Bank of New York (Ref. Cir. No. 9512J a p a rtm e n t o f the T re a s u ry • W a s h in g to n , D .c. • T e le p h o n e 566-2041 Auction date: June 22, 1983 RESULTS O F A U C T I O N OF 7 - Y E A R N O T E S The D e p a r t m e n t of the Trea s u r y has accepted $ 5 , 0 0 1 m i l l i o n of $ 7 , 9 0 4 m i l l i o n of tenders r e c e i v e d from the pu b l i c for the 7-year notes, Series E-1990, a u ctioned today. The notes will be issued July 5, 1983, and m a t u r e July 15, 1990. The interest r a t e on the notes will be 10-3/4%. The r a n g e of accepted c o m p e t i t i v e bids, and the corresponding p r i c e s at the 10-3/4% i n t erest r a t e are as .follows: Bids Lowest y i e l d Highest yield Average yield Prices 10.76%1/ 10.84% 10.80% T e n ders at the high y ield were allotted 99.936 99.550 99.743 25%. TENDERS R E C E I V E D A N D A C C E P T E D (In Thousands) Location Boston New Y ork Philadelphia Cleveland Richmond A t l anta Chicago St. Louis Minneapolis Kansas City Dallas San Franc i s c o Treas u r y Totals Received 134,602 6,560,597 6,983 19,240 52,480 25,651 638,985 47,542 7,733 24,672 7,883 376,972 775 $7,904,115 $ Accepted 14,602 4,508,592 6,983 16,490 33,980 25,651 204,985 47,542 7,733 23,672 7,883 101,972 775 $5,000,860 $ The $ 5 , 0 0 1 m i l l i o n of acce p t e d tenders includes $ 9 9 8 m i l lion of n o n c o m p e t i t iv e tenders and $ 4 , 0 0 3 m i l l i o n of c o m p e t i t i v e tenders from the public. In addit i o n to the $ 5 , 0 0 1 m i l l i o n of tenders accepted in the a u c tion process, $5 m i l l i o n of tenders was awarded at the average p r i ce to Federal Rese r v e Banks as agents for foreign and international m o n e t a r y authorities. 1/ E x c e p t i n g 1 t e n d e r of $5,000. Federal Reserve Bank of New \ork [Ref. Cir. No. 9512J TREASURY NEWS e p a r t m e n t o f th e T re a s u ry • W a s h in g to n , D.c. • T e le p h o n e 566-2041 Auction date: June 23, 1983 R E S U L T S OF A U C T I O N OF 2 0 - Y E A R 1 - M ONTH BONDS The D e p a r t m e n t of the T r e a s u r y has acce p t e d $ 3 , 5 0 3 m i l l i o n of $ 6 , 7 0 1 m i l l i o n of t e n ders r e c e i v e d from the pu b l i c for the 20-year 1 - m o n t h b o n d s a u c t i o n e d today. The bon d s will be issued J u l y 5, 1983, and m a t u r e A u g u s t 15, 2003. The i n t e r e s t r a t e on the bon d s will be 11-1/8%. The r a n g e 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 ng p rices at the 1 1 - 1 / 8 % i n t e r e s t r a t e are as follows: - Lowest yield Highest yield Average yield Bids Prices 11.18% 11.24% 11.22% 99.497 99.024 99.181 T e n d e r s at the h i g h ;yield w e r e allotted TENDERS RECEIVED AND ACCEPTED T o tals (In T h o u s a n d s ) Received Location Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. L o uis Minneapolis K a n s a s City Dall a s San F r a n c i s c o Treasury 41%. $ 112,203 5,581,126 163 16,284 26,771 10,656 595,068 46,696 26,412 10,875 513 274,346 184 $6,701 , 2 9 7 A c cepted $ 1,203 3,089,596 163 13,284 9,771 6,656 245,808 46,299 24,117 10,875 513 54,986 184 $3,503,455 The $ 3 , 5 0 3 m i l l i o n of a c c e p t e d tenders includes $803 m i l l i o n of n o n c o m p e t i t i v e te n d e r s and $ 2 ,700 m i l l i o n of comp e t i t i v e t e n d e r s from the p u b l i c . Federal Reserve Bank of New York lRef. Cir. No. 9512J
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