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TREASURY NEWS
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RESULTS OF PR E V I O U S A U C T I O N OF 2 - Y E A R NOTES
A u c t i o n dates
December
17,
1985
The Department of the Treasury has accepted $9,506 million
of $ 20,904 million of tenders received from the public for the
2=year notes, Series AD-1987, auctioned t o day• The notes will be
issued December 31, 1985, and mature December 31, 19870
The interest rate on the notes will be 7=7/8%.
The range of
accepted competitive bids, and the corresponding prices at the 7=7/8%
interest rate are as followss
Low
High
Average
Price
99.955
99.846
99.900
Yield
7.90% 1/
7 o96%
7 093%
Tenders at the high yield were allotted
82%.
TENDERS RECEIVED AND ACCEPTED (In Thousands)
Location
Boston
Hew York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
Treasury
Totals
Received
$
102,830
17,800,915
21,850
143,620
86,300
62,770
1,318,650
126,130
49,830
106,120
12,870
1,069,010
3,065
$20,903,960
Accepted
71,930
8,174,135
21,850
131,820
82,935
48,175
325,850
106,950
49,830
104,030
10,510
375,410
3,065
$9,506,490
$
The $9,506 million of accepted tenders includes $732
million of noncompetitive tenders and $8,774 million of competi
tive tenders from the public.
In addition to the $9,506 million of tenders accepted in
the auction process, $330 million of tenders was awarded at the
average price to Federal Reserve Banks as agents for foreign and
international monetary authorities0 An additional $600 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 $185,000.
Federal Reserve Bank of New York
[Ref. Cir. No. 9968]
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TREASURY NEWS
epartment of the Treasury • Washington, D.C. • Telephone 566-2041
RESULTS OF A U C T I O N OF 4 - Y E A R N O T E S
A u c t i o n date:
D e c e m b e r 18,
1985
The Department of the Treasury has accepted $7*004 million
of $14,044 million of tenders received from the public for the
4-year notes* Series P-1989 * auctioned today. The notes will be
issued December 31* 1985* and mature December 31* 1989»
The interest rate on the notes will be 8-3/8%.
The range of
accepted competitive bids* and the corresponding prices at the 8-3/8%
interest rate are as follows?
Low
High
Average
Price
99.983
99.650
99.816
Yield
8.38%
8.48%
8.43%
Tenders at the high yield were allotted
91%.
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
$
50,364
11*856*619
12,450
50,569
27*708
71*325
948,952
60*652
23*221
67,357
12*350
861*563
1*318
$14*044,448
Accepted
35,364
6*043*369
12*450
50,569
26*528
71,325
319,452
50,472
23*221
67,357
12,350
290*563
1,318
$7,004,338
$
The $7*004 million of accepted tenders includes $4 9 5
million of noncompetitive tenders and $6,509 million of competi
tive tenders from the public.
In addition to the $7,004 million of tenders accepted in
the auction process, $280 million of tenders was awarded at the
average price to Federal Reserve Banks as agents for foreign and
international monetary authorities.
An additional $171 million
o f f e n d e r s 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
[Ref. Cir. No. 9968]
@FedFRASER