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TREASURY NEWS Department off the Treasury • Washington, D.c. • Telephone 566-2041 RESULTS OF PREVIOUS AUCTION OF 2-YEAR NOTES Auction dates October 23, 1985 The Department ®f the Treasury has'accepted $9^257 million of $22,478 million ©£ tenders received from the public £©r the 2=year notes'. Series AB=1§81 0 auctioned todayo The notes will lb© issued October 31, 19§5ff and mature October 31, 19870 The interest rate on the notes will be 8=7/810 The range of accepted competitive bids, and the corresponding prices at the 8=7/8% interest rate are as followss Low High Average A f ie ld 8 .8 8 % 1 / 8 o921 8 o90% Price 99 o991 99 o919 99 o955 Tenders at the -high yield were allotted 16%. TENDERS RECEIVED AND ACCEPTED (In Thousands) Location , Boston Mew fork Philadelphia Cleveland Richmond Atlanta Chicago Sto Louis Minneapolis Kansas -City Dallas San Francisco Treasury Totals Received 1 76.365 18,523,515 46,705 275,725 151,115 161,695 1,453,905 149,285 58,770 154,210 22,425 1,393,325 10,830 $22,477,870 Accepted $ 60,340 7,713,515 45,865 209,885 128,275 142,655 435,625 129,285 56,930 150,870 22,425 150,465 10,830 $9,256,965 The 19,257 million of accepted tenders includes $1,436 million of noncompetitive tenders and $7,821 million of competi= tive tenders from the public0 In addition to the $9,257 million of tenders accepted in the auction process, $942 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 1 tender of $5,000. Federal Reserve Bank of New York [Ref. Cir. No. 9934J
@FedFRASER