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TREASURY MEWS
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RESULTS OF PREVIOUS ACTION OF 2-YEAR NOTES
Auction date:
August 20, 1986
The ©apartment of the Treasury has accepted | 1 0 ,035 million
®£ $31,080 Million of tender® received from the public for the
2°year no tes 0 Series AB-198S, auctioned tod ay 0 The notes will be
issued September 2 0 1986, and nature August 3 1 0 1988,
The interest rate on the notes will be 6-1/8%.
The range of
accepted competitive bids* and the corresponding prices at the 6-1/8%
interest rate are as follows §
Low
Yield
6 o19%
High
Average
6 o22%
6 . 21%
Price
99.880
99.824
99.843
Tenders at the high yield were allotted 22%.
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
26,385
27,375,785
20,815
102,455
42,685
29,770
1,630,990
67,415
34,435
84,155
18,430
1,643,445
2,815
$31,079,580
$
Accepted
$
26,385
8,673,285
- 20,815
51,455
39,125
28,210
414,610
67,415
34,435
82,265
13,430
580,545
2,815
$10,034,790
The $10,035 million of accepted tenders includes $566
million of noncompetitive tenders and $9,469 million of compeli
tive tenders from the public.
In addition to the $10,035 million of tenders accepted in
the auction process, $485
million of tenders was awarded at the
average price to Federal Reserve Banks as agents for foreign and
international monetary authorities.
An additional $858 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. 10,069]
@FedFRASER