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Department

ofthe TREASURY

WASHINGTON, D.C. 20220

TELEPHONE 566-2041

Auction date:

August 27, 1981

RESULTS OF AUCTION OF 5-YEAR 2-MONTH NOTES
The Department of the Treasury has accepted $3,251
million
of $6,462
million of tenders received from the public for the
5-year 2-month notes , Series F-1986 , auctioned today. The notes
will be issued September 8, 1981, and mature November 15, 1986.
The interest coupon rate on the notes will be 16-1/8%.
The range of accepted competitive bids, and the corresponding
prices at the 16-1/8% coupon rate are as follows:
Lowest yield
Highest yield
Average yield

Bids
16.05%
16.19%
16.14%

Prices
100.043
99.561
99.733

Tenders at the high yield were allotted 16%.
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
$
17,745
5,335,291
12,773
54,256
44,499
33,572
676,409
57,022
13,930
67,798
15,419
130,919
2,415

Accepted
$
17,745
2,614,211
11,933
44,056
37,979
32,612
265,049
51,522
13,930
67,298
15,419
76,399
2,415

$6,462,048

$3,250,568

The $3,251
million of accepted tenders includes•$490
million of noncompetitive tenders and $2,761
million of competi­
tive tenders from private investors.
In addition to the $3,251
million of tenders accepted in
the auction process , $205 million of tenders were accepted at the
average price from Federal Reserve Banks as agents for foreign and
international monetary authorities for new cash.

i

Federal Reserve Bank of New York
[Ref. Cir. No. 9131]



9/1/81