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/? e ir TREASURY NEWS Department of the Treasury • Washington, D.C. • Telephone 566-2041 RESULTS OF PREVIOUS AUCTION OF 2-YEAR NOTES Auction date: July 23, 1986 The Department of the Treasury has accepted $10,122 million of $34,417 million of tenders received from the public for the 2-year notes, Series AC-1988, auctioned today. The notes will be issued July 31 r 1986, and mature July 31, 1988. The interest rate on the notes will be 6-5/8%. The range of accepted competitive bids, and the corresponding prices at the 6-5/8% interest rate are as follows: Low High Average Yield Price 6.67% 6.67% 6.67% 99.917 99.917 99.917 Tenders at the high yield were allotted 76%. TENDERS RECEIVED AND ACCEPTED Location Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Treasury Totals Received $ 87,720 31,034,985 ' 21,095 63,865 46,970 74,795 1,297,940 55,870 42,185 91,475 16,600 1,579,550 4,395 $34,417,445 (In Thousands) Accepted 31,720 9,700,450 21,095 38,865 38,970 22,795 66,940 37,870 32,180 84,475 14,600 27,440 4,395 $10,121,795 $ The $10,122 million of accepted tenders includes $579 million of noncompetitive tenders and $9,543 million of competi tive tenders from the public. In addition to the $10,122 million of tenders accepted in the auction process, $365 million of tenders was awarded at the average price to Federal Reserve Banks as agents for foreign and international monetary authorities. An additional $1,253 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 [Ref. Cir. No. 10,058]
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