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TREASURY NEWS

6^

} ® p ^ s t m ^ n t ®(? etfo® 'u,os©(S]s®c?w o W d s H i n e t e n , B .e . © T@ iaph®n@
RESULTS

OF AUCTION

Auction

dates

OF

4-YEAR NOTES

March

26*

1985

T h e D e p a r t m e n t of t h e T r e a s u r y h a s a c c e p t e d $ 6 * 2 5 5 m i l l i o n o f
$ 21 * 8 0 7 mi 11 i o n of t e n d e r s r e c e i v e d f r o m t h e p u b l i c f o r t h e 4 - y e a r
n o t e s * S e r i e s L~ 19 8 9 * a u c t i o n e d t o d a y .
T h e n o t e s w i l l be i s s u e d
A p r i l 1* 1 9 8 5 * a n d m a t u r e M a r c h 31* 1 9 8 9 .
The
accepted
interest

i n t e r e s t r a t e o n t h e n o t e s w i l l be 1 1 - 1 / 4 % .
T h e r a n g e of
c o m p e t i t i v e b i d s * a n d t h e c o r r e s p o n d i n g p r i c e s at t h e 1 1 - 1 / 4 %
rate are as f o l l o w s :
Yield
Low
High
Average

Tenders

at

the

TENDERS

Price

11.30%
11.32%
11.30%
high

yield

RECEIVED

Location
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
Sto L o u i s
Minneapolis
Kansas City
Dallas
San Fr an c i s c o
Treasury
Totals

were

99.843
99.780
99.843

allotted

AND ACCEPTED

20%.

(In

Thousands)

Received
$

238*264
19*379*904
27*300
174*449
85*823
52*091
737*876
120*358
79*497
94*716
16*850
793*918
5*517
$21*806*563

Accepted
$

45,264
5*532*844
26*800
64*449
51*223
37*091
177*476
116*358
25*097
89*216
13*250
70*518
5*517
$6*255*103

T h e $ 6 * 2 5 5 r.illion of a c c e p t e d t e n d e r s i n c l u d e s $ 9 1 4
o f n o n c o m p e t i t i v e t e n d e r s a n d $ 5 , 3 4 1 m i 11 i o n of c o m p e t i t i v e
f ro m the public.

million
tenders

In a d d i t i o n t o t h e $ 6 * 2 5 5 mi 11 ion of t e n d e r s a c c e p t e d in t h e
a u c t i o n p r o c e s s , $ 3 0 0 m i l l i o n of t e n d e r s w a s a w a r d e d at t h e a v e r a g e
p r i c e t o F e d e r a l R e s e r v e B a n k s as a g e n t s f o r f o r e i g n a n d i n t e r n a t i o n a l
m o n e t a r y authorities,,
A n a d d i t i o n a l $ 3 6 5 m i l l i o n of t e n d e r s w a s 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 f r o m 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 n k s f o r t h e i r o w n a c c o u n t in e x c h a n g e f o r m a t u r i n g s e c u r i t i e s .

ederal Reserve Bank of New York
tef. Cir. No. 9817]



(Over)

RESULTS

OF

Auction

AUCTION
dates

OF

7“Y E A R N O TES

March

27,

1985

The Department of the Treasury has accepted $5*752 million of
$18*006 million of tenders received from the public for the 7-year
notes* Series E-1992* auctioned today® The notes will be issued
April 2* 1985* and mature April 15* 1 9 9 2 0
The interest'rate on the notes will be 11-3/4%. The range of
accepted competitive bids* and the corresponding prices at the 11-3/4%
interest rate are as follows?
Yield
Price
Low
1 1 082%!/
99 o648
High
1 1 o85%
99 o508
Average
1 1 o85%
99 0508
Tenders at the high yield were allotted 97%®
TENDERS

RECEIVED AND

Location
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St® L o u i s
Minneapolis
Kansas City
Dallas
San Francisco
Treasury
Totals

ACCEPTED

(In

Thousands)

Received

233,838
14,097,960
11*960
77*718
30,596
23*839
795*574
94*815
6*941
38*695
9*131
579,901
4*995
$16,005,963

Accepted

$

$

.

18,688
5*137*060
11*960
55,388
19*446
12,789
262,534
92,815
6*941
38,682
7*131
83*561
4*995
$5,751,990

The $5*752 million of accepted tenders includes $560
million
of noncompetitive tenders and $5*192 million of competitive tenders
from the public®
In addition to the $5*752 million of tenders accepted in the
auction process* $100 million of tenders was awarded at the average
price to Federal Reserve Banks as agents for foreign and inter­
national monetary authorities®
1/ Excepting 1 tender of $2*000®




_ 2 ^

TREASURY NEWS

< 9 >

la p a r t w i a n t ® s a h a f r a e s a n f ® $J®shSmat®Bi, ® .s. • ?® l® ® h @ h ® i s ® - s ® « i
RESULTS

OF

AUCTION

OF

Auction

20-YEAR

dates

1- M O N T H

March

28,

TREASURY

BONDS

1985

The D e p a r t m e n t of the T r e a s u r y h a s a c c e p t e d $ 4 , 2 8 1
million
of $ 1 0 , 6 9 9 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 t he p u b l i c f or the
20-year 1-month bonds auctioned today*
T h e b o n d s w i l l be i s s u e d
A p r i l 2, 1 9 8 5 , a n d m a t u r e M a y 15, 2 0 0 5 *
The
accepted
interest

i n t e r e s t r ate on the b o n d s w i l l be 12%*
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
rate a re as f o l l o w s ?
Yield

Tenders

at

12 o 0 5 %
12 o 0 4 %

the

TENDERS

Price
99 o9 2 0
99*545
99*620

12*00%

Low
High
Average
high

yield

RECEIVED

Location
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St* L o u i s
Minneapolis
Kansas City
Dallas
San Francisco
Treasury
Totals

were

allotted

AND ACCEPTED

(In

Received
290,524
9,170,478
890
24,513
5,889
10,391
625,204
64,844
4,020
15,252
458
485,849
404
$10,698,516
$

The $4,261
m i l l i o n of a c c e p t e d t e n d e r s
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 $ 3 , 9 3 2
tive tenders from the public*

deral Reserve Bank of New York
ef. Cir. No. 9817]




The r a n g e of
p r i c e s at the 12%

98%*
Thousands)
Accepted
524
3,889,418
890
14,513
5,889
4,391
172,204
64,639
4,000
15,252
458
88,109
404
$4,260,691
$

includes
million

$329
of c o m p e t i ­