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/U - f

TREASURY NEWS

D e p a r tm e n t o f t h e T r e a s u r y • W a s h in g to n , D.C. • t e le p h o n e 566-2041
RESULTS OF AUCTION OF 5-YEAR 2-MONTH NOTES
Auction date: November 27,

1985

The Department of the Treasury has accepted $7*519 million
of $25*110 million of tenders received from the public for the
5-year 2-month notes, Series H-1991, auctioned today. The notes
will be issued December 3, 1985, and mature February 15, 1991.
The interest rate on the notes will be 9-1/8%.
The range of
accepted competitive bids, and the corresponding prices at the 9-1/8%
interest rate are as followss
Low
High
Average

Yield

Price

9.12%
9.13%
9.13%

99.942
99.901
99.901

Tenders at the high yield were allotted 60%.
TENDERS RECEIVED AMD ACCEPTED (In Thousands)
Received

Location
Boston
Mew York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
Treasury
Totals

$

61,113
22,444,767
32,730
64,835
44,228 *
49,514
1,158,132
151,180
26,433
69,552
18,100
986,503
2,768
$25,109,855

Accepted
$

22,113
6,695,427
31,086
51,195
30,228
46,704
231,082
134,180
24,433
67,352
13,100
169,803
2,768
$7,519,471

The $7,519 million of accepted tenders includes $820
million of noncompetitive tenders and $6,699 million of eompeti
tive tenders from the public.
In addition to the $7,519 million of tenders accepted in
the auction process, $130 million of tenders was awarded at the
average price to Federal Reserve Banks as agents for foreign and
international monetary authorities.

■deral Reserve Bank of New York
ef. Cir. No. 9953]