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f i t - 1 W TREASURY NEWS D e p a r t m e n t o f t h e T r e a s u r y • W a s h in g t o n , D.C. • T e le p h o n e 566*2041 RESULTS OF PREVIOUS AUCTION OF 2-YEAR NOTES Auction date: August 21, 1985 The Department of the Treasury has accepted $9,256 million of $19,282 million of tenders received from the public for the 2-year notes, Series Y-1987, auctioned today e The notes will be issued September 3, 1985, and mature August 31, 19870 The interest rate on the notes will be 8-7 /8% 0 The range of accepted competitive bids, and the corresponding prices at the 8-7/8% interest rate are as follows? Yield 8 o86% 8 o91% 8 o89% Low High Average Tenders at the high yield were allotted Price 100.027 99 e937 99.973 100%0 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 72,490 16,782,010 43,100 111,080 108,355 93,585 890,665 146,890 52,185 158,080 34,285 783,285 6,210 $19,282,220 $ Accepted $ 65,490 7,694,360 43,100 111,080 98,355 92,535 362,665 128,890 52,185 157,580 34,285 409,285 6,210 $9,256,020 The $9,256 million of accepted tenders includes $1,107 million of noncompetitive tenders and $8,149 million of competitive tenders from the public„ In addition to the $9,256 million of tenders accepted in the auction process, $345 million of tenders was awarded at the average price to Federal Reserve Banks as agents for foreign and international monetary authorities.. An additional $717 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., Federal Reserve Bank of New York lRef. Cir. No. 9909J
@FedFRASER