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Department oftheTREASURY W ASHINGTON, D.C. 20220 TELEPH O N E 566-2041 ($^®A'fa> 30 , 1981 date: June A u c t io n RESULTS OF AUCTION OF 7-YEAR NOTES The Department of the Treasury has accepted $3,001 million of $5,257 million of tenders received from the public for the 7-year notes, Series E-1988, auctioned today. The notes will be issued July 7, 1981, and mature July 15, 1988. The interest coupon rate on the notes will be 14%. The range of accepted competitive bids, and the corresponding prices at the 14% coupon rate are as follows: Bids 137F5¥ a/ 14.14% 14.07% Lowest yield Highest yield Average yield Prices 1UU7XF? 99.369 99.674 Tenders at the high yield were allotted 11%. 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 36,839 4,253,794 2,746 39,463 49,779 18,050 395,165 50,416 10,348 39,888 1,154 358,206 849 $5,256,697 Accepted $ 16,839 2,498,414 2,746 30,463 29,779 17,000 178,385 49,971 10 ‘ 34 8 , 39,888 1,104 125,206 849 $3,000,992 The $3,001 million of accepted tenders includes $336 million of noncompetitive tenders and $2,665 million of competi tive tenders from private investors . In addition to the $3,001 million of tenders accepted in the auction process, $450 million of tenders were accepted at the average price from Federal Reserve Banks as agents for foreign and international monetary authorities for new cash . a/ Excepting 1 tender of $5,000. Federal Reserve Bank o f New York [Ref. Cir. No. 9093] 7/6/81
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