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Auction date: November 25, 198f RESULTS OF AUCTION OF 2-YEAR NOTES The Department of the Treasury has accepted $4,502 million of $9,257 million of tenders received from the public for the 2-vear notes, Series Y-1982, auctioned today. The interest coupon rate on the notes will be 13-7/8%. The range of accepted competitive bids, and the corresponding prices at the 13-7/8% coupon rate are as follows: Bids 13.91% 1/ 14.02% 13.99% Lowest yield Highest yield Average yield Prices 99.941 99.755 99.805 Tenders at the high yield w*re allotted 4%. 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 $ 130,865 7,203,630 143,565 204,325 156,310 133,745 479,925 124,930 95,600 132,100 75,000 366,420 10,110 Accepted $ 95,865 3,140,925 129,765 155,225 132,685 127,285 225,740 111,790 87,600 128,460 70,980 85,280 10,110 $9,256,525 $4,501,710 The $4,502 million of accepted tenders includes $1,457million of noncompetitive tenders and $2,655 million of competitive tenders frcm private investors. It also includes $390 million of tenders at the average price frcm Federal Reserve Banks as agents for foreign and international authorities in exchange for maturing securities. In addition to the $4,502 million of tenders accepted in the auction process, $365 million of tenders were accepted at.the average price from Government accounts and Federal Reserve Banks for their own account in exchange for maturing securities. 1/ Excepting 1 tender of $75,000. Federal Reserve Bank of New York No. 8956] [Ref. Cir.
@FedFRASER