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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]