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K>,OSr<f TREASURY N EW S© e p a r t m e n t o f th 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: October 22, 1986 The Department ©f the Treasury has accepted $10*386 sillion of $40*614 million of tenders r«ctived from the public f o r the 2*>ytar notes, Series Af-1988, iuctioned today,, The notes will be Issued October 318 19®6S and mature October 31* 1988, The Interest rate on the notes will be 6^3/81. The range of accepted competitive bids, and the corresponding prices at the 6-3/1% interest rate are as follows^ Low High Average U&Ld 6,31^ f ,39^ 6.3$% EiiSU 99.991 99.972 99.972 Tenders at the high yield were allotted TENDERS RECEIVED AND ACCEPTED (In Thousands) ka£&Sd££ iosten Mew York Philadelphia Cleveland Richmond Atlanta Chicago St0 Louis Minneapolis Kansas City Dallas San Francisco Treasury Totals Received $ 31,540 36,921,380 21,990 116,605 106,490 64,40S 1,668,115 131,061 61,660 91,110 18,895 1,445,130 4,583 f T o ,6 g T 7 3 7 o A qc $ 31,540 9,711,370 21,990 49,601 44,990 23*409 162,065 12,525 31,641 88,390 1,191 77,610 4, SIS 810,3^5,655 ThQ $10*316 aillien of accepted tenders includes I6?2 million of noncompetitive tenders ©nd $9,714 million of competitive tenders from the publi©0 In addition to the $10,386 million of tenders accepted in the auction processf $S7§ million of tenders was awarded at the l average price to Federal Reserve Banks as agents for foreign and International monetary authorities. An additional $529 million of tenders wis also ©ceepted ©t the avenge priee'from Government accounts and Fedtril Reserve Banks for their own account in exchange for maturing securities*, ’ederal Reserve Bank of New York Ref. Cir. No. 10,089]