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(ft-tv,-I*. 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