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TREASURY NEWS

department of the Treasury • Washington, D.C. • Telephone 566-2041
RESULTS OF AUCTION OF 5-YEAR 2-MONTH NOTES
Auction dates

August 27* 1986

The Department of the Treasury has accepted §8,017 od2.3L5.on
of $22*588 million of tenders received from the public for the
5- year 2-month notes. Series L-1991, auctioned today.
The notes
will be issued September 3, ID§6, and mature Moveaber 15, 1991.
The interest rate on the notes will be 6-1/25.
The range
of accepted competitive bids, and the corresponding prices at the
6- 1/2%
interest rate are as follows:
Yield
6.48%
6.52%
6.51%

Low
High
Average

Frloe
100,047
99.873
99.916

Tenders at the high yield were allotted 41%.
TENDERS RECEIVED AND ACCEPTED (In Thousands)
Received

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

5

10,404
20*163*303
5*206
69*325
18*667
42*506
1*241*588
37*679
11*840
31*659
6*564
948*526
416
$22*587*683

Accepted
$

10,404
7*515*033
5,206
35*235
16*077
23*016
112*088
16*549
10*840
28*274
3*614
239*786
416
$8,016,538

The $8*017
million of accepted tenders includes $256
million of noncompetitive tenders and $7*761
million of eompeti
tive tenders from the public.
In addition to the 18*017 million of tenders accepted in
the auction process, $325 million of tenders was awarded at the
average price to Federal Reserve Banks as agents for foreign and
international monetary authorities„

Federal Reserve Bank of New York
[Ref. Cir. No. 10,073]