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TREASURY NEWS se p a rtra a ttt ©# eft® T r e a s u r y © W a s h in g t o n , ®.e. © T®i«ptB©eA® RESULTS OF AUCTION OF 5-YEAR 2-MONTH DOMESTIC NOTES Auction dates May 29, 1985 The Department of the Treasury has accepted $7*012 million of $15*196 million of tenders received from the public for the 5-year 2-month notes* Series K-1990* auctioned today„ The notes will be issued June 4* 1985* and mature August 15* 1990. The interest rate on the notes will be 9-7/8% 1/. The range of accepted competitive bids* and the corresponding prices at the 9-7/8% interest rate are as follows? Low High Average Yield 9 092 % 9.96% 9.95% Price 99.729 99.570 99.610 Tenders at the high yield were allotted 67%. 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 $ 54*635 12*874*612 53*966 445*636 60*249 30*508 649*902 187*415 42*460 63*239 11*860 719*054 2*542 $15*196*078 Accepted $ 20,530 5*763*837 38*966 394*606 44*319 28*518 188*972 164*755 41*460 62*144 11*060 249*539 2*542 $7,012,148 The $7*012 million of accepted tenders includes $ 610 million of noncompetitive tenders and $ 6*402 mi 11 ion of competi tive tenders from the public0 In addition to the $7*012 million of tenders accepted in the auction process* $155 million of tenders was awarded at the average price to Federal Reserve Banks as agents for foreign and international monetary authorities. 1/ This interest rate* payable on an annual basis* will also be applied to the 5-year 2-month foreign-targeted notes auctioned t0day" Federal Reserve Hank of New York I Ref. f ir . No. 9K<>4| (Over) RESULTS OF AUCTION OF 5-YEAR 2-MONTH FOREIGN-TARGETED NOTES Auction dates May 29, 1985 The Department of the Treasury has accepted a total of $1,000,400 thousand of the $2,464,000 thousand of tenders received from eligible bidders for the 5-year 2-month foreign-targeted notes, Series L-1990, auctioned todaye The notes will be issued June 4, 1985, and mature August 15, 1990o The interest rate on the notes will be 9-7/8 % 1/ per annum, payable annually„ The range of accepted competitive bids, and the corresponding prices at the 9-7/8% interest rate are as followss Yield 2/ Low High Average 9 o93% 10o03% 10oOQ% Price 99 o684 99 o293 99 o410 Tenders at the high yield were allotted 67%o 1/ 2/ Established in the auction of the companion domestic issue Based on an annual interest payment0
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