Full text of Federal Reserve Bank of New York Circulars : Results of Auction of 2-Year Notes

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D e p a r tm e n t o f t h e T r e a s u r y *

W a s h in g t o n ,

s.C.

Auction date:

• T e le p h o n e 5S6-2041
January 20, 1982

RESULTS OF AUCTION OF 2-YEAR NOTES
The Department of the Treasury has accepted $5,252
million of
$ 12,018 million of tenders received from the public for the 2-year
notes, Series N-1984, auctioned today.
The notes will be issued
February 1, 1982, and mature January 31, 1984.
The interest coupon rate on the notes will be 15%
. The range
of accepted competitive bids, and the corresponding prices at the 15 %
coupon rate are as follows:

Lowest yield
Highest yield
Average yield

Bids

Prices

14.95%
15.11%
15.08%

100.084
99.816
99.866

:rs at the high yield were allotted
TENDERS RECEIVED AND ACCEPTED
Location
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St . Louis
Minneapolis
Kansas City
Dallas
San Francisco
Treasury
Totals

Received
$
102,370
9,765,725
81,000
192,305
170,835
130,660
821,290
177,445
61,635
121,530
61,750
324,350
7,095
$12,017,990

81% •
(In T h o u s a n d s )
$

Accepted
72,070
4,105,715
48,000
107,305
114,410
116,660
208,815
170,255
60,635
119,485
55,800
65,310
7,095

$5,251,555

The $5,252
million of accepted tenders includes $1,397
million
of noncompetitive tenders and $3,330
million of competitive tenders
from private investors . It also includes $525
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 $5,252
million of tenders accepted in the
auction process, $490
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 $302
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. 9232]

http://fraser.stlouisfed.org/
Federal
_ Reserve Bank of St. Louis

1/29/82