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i H '/ o f i v TREASURY NEWS D e p a r tm e n t o f th e T re a s u ry • W a s h in g to n , D .c. • T e le p h o n e 566-2041 RESULTS OF PREVIOUS AUCTION OF 2-YEAR NOTES Auction date: January 21, 1987 The Department of the Treasury has accepted $10,291 million of $30,946 million of tenders received from the public for the 2-year notes, Series U-1989, auctioned today. The notes will be issued February 2, 1987, and mature January 31, 1989. 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: Price 99.954 99.880 99.898 Yield 6.15% 6.19% 6.18% Low High Average Tenders at the high yield were allotted 24%. 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 $ 35,025 26,463,335 24,395 69,480 68,460 57,610 2,207,505 119,135 50,950 90,090 22,690 1,732,960 4,200 $30,945,835 Accepted $ 32,265 8,745,730 24,395 69,480 58,700 40,810 470,345 70,495 50,950 88,710 18,890 616,360 4,200 $10,291,330 The $10,291 million of accepted tenders includes $727 million of noncompetitive tenders and $9,564 million of competitive tenders from the public. In addition to the $10,291 million of tenders accepted in the auction process, $615 million of tenders was awarded at the average price to Federal Reserve Banks as agents for foreign and international monetary authorities. An additional $765 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. 10140]
@FedFRASER