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fREASURY NEWS
®{F GBD® T r e a s u r y O W a s h i n g t o n , ®=@o O T e l e p h o n e 5 6 6 -2 0 M
R E S U LT S OF P RE V I O U S A U C T I O N OF 2“Y E A R NO T E S
A u c t i o n date:
January
23,
1985
The Department of the T r e a s u r y has a c c e p t e d $ 9 , 0 2 0 m i l l i o n of
$26,791 m i l l i o n of t e n d e r s r e c e i v e d f r o m the p u b l i c for the 2 - y e a r
notes, Ser ie s R - 1 9 8 7 , a u c t i o n e d t o d a y 0 The n o t e s w i l l be i s s u ed
Ja nu ary 31, 1985, an d m a t u r e J a n u a r y 31, 1987«
The interest rate on the notes will be 9- 3/4%.
The range of
accepted competitive bids, and the corresponding prices at the 9 -3 / 4%
interest rate are as follows:
Yield
Low
Hi gh
Average
Tenders
at
Price
99.893
9 9 . 8 40
99.858
9 .8 1%
9. 84 %
9. 83%
the h i g h y i e l d w e r e
allotted
49%.
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
$
503,280
22,684,205
27,100
251,815
103,250
208,840
1,253,880
126,100
63,815
140,660
23,250
1,400,230
4, 910
$26,791,335
Accepted
$
64,980
7,807,995
27,100
104,685
61,700
81,165
246,835
103,825
61,795
137,760
19,230
298,290
4, 9 1 0
$9,020,270
The $9, 0 2 0 m i l l i o n of a c c e p t e d t e n d e r s i n c l u d e s $ 9 8 8
million
of n o n c o m p e t i t i v e t e n d e r s and $ 8 , 0 3 2 m i l l i o n of c o m p e t i t i v e t e n d e r s
from the pub lic .
In a d d i t i o n to the $ 9 , 0 2 0 m i l l i o n of t e n d e r s a c c e p t e d in the
auc tio n pr o c e s s , $ 4 8 0 m i l l i o n of t e n d e r s w a s a w a r d e d at the a v e r a g e
price to F e d e r a l R e s e r v e B a n k s as a g e n t s for f o r e i g n an d i n t e r n a t i o n a l
m o n e t a r y authorities*,
A n a d d i t i o n a l $ 6 2 5 m i l l i o n of t e n d e r s w a s
also a c c e p t e d at the a v e r a g e p r i c e f r o m G o v e r n m e n t a c c o u n t s a n d F e d e r a l
Reserve Ba nk s f o r t h e i r o w n a c c o u n t in e x c h a n g e for m a t u r i n g s e c u r i t i e s •
FED ER AL RESERVE
[R E F . C IR . NO. 9 7 9 f]
B A N K O F NEW Y O R K
@FedFRASER