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Department of the TREASURY WASHINGTON, D.C. 20220 TELEPHONE 566-2041 Auction date: April 22, 1981 RESULTS OF AUCTION OF 2-YEAR NOTES The Department of the Treasury has accepted $ 4,252 million of $5,209 million of tenders received from the public for the 2-year notes, Series Q-1983, auctioned today. The notes will be issued April 30, 1981, and mature April 30, 1983. The interest coupon rate on the notes will be 14-1/2%. The range of accepted competitive bids, and the corresponding prices at the 14-1/2% coupon rate are as follows: Lowest yield Highest yield Average yield Prices 100.253 99.781 99.983 Bids 14.35% a/ 14.63% 14.51% Tenders at the high yield were allotted 91%. 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 $ 66,425 3,811,645 31,415 140,455 45,315 81,280 406,575 80,320 47,265 80,655 32,565 380,640 4,795 $5,209,350 $ Accepted 46,425 3,034,145 31,415 140,455 45,315 81,280 299,325 80,230 47,265 80,655 32,565 328,050 4,795 $4,251,920 The $4,252 million of accepted tenders includes $808 million of noncompetitive tenders and $3,114 million of competitive tenders from private investors. It also includes $330 million of tenders at the average price from Federal Reserve Banks as agents for foreign and international monetary authorities in exchange for maturing securities. In addition to the $4,252 million of tenders accepted in the auction process, $261 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. a/ E x c e p t i n g 2 ten d e r s t o t a l i n g $15,000. Federal Reserve Bank of New York [Ref. Cir. No. 9066] 4/28/81
@FedFRASER