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TREASURY NEWS

> e p a rtm e n t o f t h 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: November 24, 1981
RESULTS OF AUCTION OF 5-YEAR 2-MONTH NOTES
The Department of the Treasury has accepted $3,254
million
of $8,252
million of tenders received from the public for the
5-year 2-month notes , Series D-1987 , auctioned today.
The notes
will be issued December 2, 1981, and mature February 15, 1987.
The interest coupon rate on the notes will be 12-3/4%.
The range of accepted competitive bids , and the corresponding
prices at the 12-3/4% coupon rate are as follows:
Lowest yield
Highest yield
Average yield

Bids

Prices

12.79%
12.85%
12.83%

99.699
99.476
99.550

Tenders at the high yield were allotted 25%..
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
35,934
6,990,132
32,060
48,337
32,779
40,349
547,190
62,797
19,014
38,558
6,271
398,191
719
$8,252,331
$

Accepted
4,934
2,890,332
11,060
21,337
14,779
27,349
143,390
49,297
13,164
38,558
2,271
36,441
719
$3,253,631
$

The $ 3,254 million of accepted tenders includes
million of noncompetitive tenders and $2,680
million of competi­
tive tenders from private investors.
In addition to the $3,254
million of tenders accepted in
the auction process, $170 million of tenders were accepted at the
average price from Federal Reserve Banks as agents for foreign and
international monetary authorities for new cash.

Federal Reeerve Bank of Mew York
[Ref. Cir. Mo. 9191]




12/ 1/81