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TR ASURY NEW
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RESULTS OF PREVIOUS A U CT IO N OF 2-YEAR NOTES
A uc tio n dates
April 24,
1985
The Department of the Treasury has accepted $ 9,026 m i ll ion of
$ 20,622 million of tenders received from the public for the 2~year
notes, Series U-1987, auctioned t o d a y , The notes will be issued
April 30, 1985, and mature April 30, 1987.
The interest rate on the notes will be 9=3/4%.
The range of
accepted competitive bids, and the co rr esponding prices at the 9=3/4%
interest rate are as follows?
Low
High
Average
Yield
9.80%
9.82%
9.81%
Price
99.911
99.876
99.893
Tenders at the high yield were allotted
TENDERS RE CEIVED AND A C C E P T E D
Location
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
Treasury
Totals
Received
$
415,495
17,169,565
44,860
305,815
106,420
109,705
986,850
116,210
116,710
139,850
25,390
1,076,065
9,185
$20,622,120
86%.
( In Thousands)
Accepted
$
58,425
7,617,370
44,860
254,575
78,430
89,445
312,110
109,650
88,570
138,750
21,110
203,185
9,185
$9,025,665
The $9,026 million of accepted tenders includes $1 ,2 16 m il lio n
of noncompetitive tenders and $7,810 mi llion of competitive tenders
from the public.
In addition to the $9,026 million of tenders accepted in the
auction process, $523 mi llion of tenders was awarded at the average
price to Federal Reserve Banks as agents for foreign and international
m on eta ry authorities.
An additional $347 m i ll i o n of tenders was also
accepted at the average price from Government accounts and Federal
Reserve Banks for their own account in exchange for m a tur in g securities.
Federal Reserve Bank of New York
[Ref. Cir. No. 9841]
@FedFRASER