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TREASURY NEWS )e p a rtm e n t o f the T reasury • W a sh in gto n , D.C. • Telephone 566-2041 RESULTS OF PREVIOUS AUCTION OF 2-YEAR NOTES Auction date.: June 1 9 198 5 -, The Department of the Treasury has accepted $9*252 million of $17*168 million of tenders received from the public for the 2-year notes* Series W-1987* auctioned today. The notes will be issued July 1* 1985* and mature June 30, 19870 The interest rate on the notes will be 8-1/2%. The range of accepted competitive bids* and the corresponding prices at the 8-1/2% interest rate are as follows: Low High Average Yield 8.48% 8.54% 8.51% 1/ Price 100.036 99.928 99.982 Tenders at the high yield were allotted 59%. TENDERS RECEIVED AND ACCEPTED (In Thousands) Location Boston New York Philadelphia Cleveland Richmond Atlanta Chicago Sto Louis Minneapolis Kansas City Dallas San Francisco Treasury Totals Keceived Accepted $ 52*435 14*536*715 33,540 223*770 64*270 116,255 1*021*270 150*185 42*015 130*875 18*175 773*835 4*335 $17*167,675 $ 50,435 7*574*905 33,540 223,770 64*270 114,845 227*810 138,185 42,015 130*875 18,175 628,395 4,335 $9,251,555 The $9*252 million of accepted tenders includes $924 million of noncompetitive tenders and $8,328 million of competitive tenders from the publico In addition to the $9,252 million of tenders accepted in the auction process* $535 million of tenders was awarded at the average price to Federal Reserve Banks as agents for foreign and international monetary authorities. An additional $799 million of tenders was also accepted at the average price from Government accounts and Federal Reserve Banks for their own account in exchange for maturing securities. 1/ Excepting 2 tenders totaling $180,000. Federal Reserve Bank of New York [Ref. Cir. No. 9877J
@FedFRASER