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Auction date: March 18, 1981 RESULTS OF AUCTION OF 2-YEAR NOTES The Department of the Treasury has accepted $ 4,756 million of $ 10,023 million of tenders received from the public for the 2-year notes, Series P-1983, auctioned today. The notes will be issued March 31, 1981, and mature March 31, 1983. The interest coupon rate on the notes will be 12-5/8%. The range of accepted competitive bids, and the corresponding prices at the 12-5/8% coupon rate are as follows: Prices 100.026 99.905 99.957 Bids 12.61% 12.68% 12.65% Lowest yield Highest yield Average yield Tenders at the high yield were allotted 52% • 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 108,965 8,338,830 37,945 88,410 60,740 80,425 634,845 83,690 64,675 74,965 52,225 393,950 3,120 Accepted $ 55,470 4,029,980 26,465 43,310 49,490 51,925 185,635 79,190 59,675 73,965 37,220 60,065 3,115 $10,022,785 $4,755,505 The $4,756 million of accepted tenders includes $ 978 million of noncompetitive tenders and $ 2,911 million of competitive tenders from private investors. It also includes $ 867 million of tenders at the average price frcm Federal Reserve Banks as agents for foreign and international monetary authorities in exchange for maturing securities. In addition to the $ 4,756 million of tenders accepted in the auction process, $ 700 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, and $ 68 million of tenders were accepted at the average price from Federal Reserve Banks as agents for foreign and international monetary authorities for new cash. Federal Reserve Bank of New York [Ref. Cir. No. 9034]
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