The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
§ma > w.v- Departm entoftheTR EA SU R Y * * * ? * % ?;*'W W CT ? ; ,*v*A<' »^ s * * ^* <*yv TELEPHONE 566-2041 WASHINGTON, D.C. 20220 if- U I >» A u c t i o n da te : March 31, 1981 RESULTS OF AUCTION OF 7-YEAR NOTES The Department of the Treasury has accepted $2,752 million of $5,314 million of tenders received from the public for the 7-year notes, Series D-1988, auctioned today. The notes will be issued April 6, 1981 and mature April 15, 1988. The interest coupon rate on the notes will be 13-1/4%. The range of accepted competitive bids, and the corresponding prices at the 13-1/4% coupon rate are as follows: Bids 13.24% 13.39% 13.34% Lowest yield 1/ Highest yield Average yield Prices 100.025 99.355 99.577 Tenders at the high yield were allotted 50%. 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 14,646 4,573,849 6,163 10,082 47,276 32,710 276,415 25,336 17,474 51,968 5,409 252,498 376 $5,314,202 Accepted $ 2,646 2,391,599 6,163 3,082 43,276 32,710 104,415 21,961 12,474 51,968 5,359 75,998 376 $2,752,027 The $2,752 million of accepted tenders includes $309 million of noncompetitive tenders and $2,443 million of competitive tenders from private investors. In addition to the $2,752 million of tenders accepted in the auction process, $215 million of tenders were accepted at the average price from Federal Reserve Banks as agents for foreign and international monetary authorities for new cash. 1/ Excepting 1 tender of $5,000. F e d e r a l R eserv e B a n k o f N ew Y o r k [R e f. C ir. N o. 9039] 4 /6 /8 1
@FedFRASER