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rREASURY NEWS partment o f the Treasury • Washington, D.C. • Telephone 566-2041 v>1 Auction Date: June 16, 1982 R E S U L T S OF A U C T I O N OF 2 - Y E A R N O T E S The D e p a r t m e n t of the T r e a s u r y has a c c e p t e d $5,501 m i l l i o n of $9,072 m i l l i o n of t e n d e r s r e c e i v e d from the p u b l i c for the 2-year notes, S e r i e s T - 1 984, a u c t i o n e d today. The notes will be issued J u n e 30, 1982, and m a t u r e J u n e 30, 1984. T he i n t e r e s t c o u p o n rat e on the notes will be 14-3/8%. The r a n g e of a c c e p t e d c o m p e t i t i v e bids, and the c o r r e s p o n d i n g p r i c e s at the 1 4 - 3 / 8 % c o u p o n rate are as follows: Bids Lowest yield Highest yield Average yield Tenders at 14.36%!/ 14.4 9 % 14.43% the h i g h y i e l d were TENDERS Totals $ 100.025 99.806 99.907 allotted RECEIVED AND ACCEPTED Location Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. L o u i s Minneapolis Kansas City Dallas San F r a n c i s c o Treasury Prices R e c eived 82,300 6,766,440 7 6 ,400 131,645 95,830 1 1 3 ,345 9 2 1 ,850 1 4 6 ,285 52,850 114,065 58,160 509,060 3,665 $9,071,895 10%. (In Thousands) $ Ac c e p t e d 78,300 4,120,940 76,400 122,145 95,830 113,345 322,450 144,285 52,850 114,065 58,160 199,060 3,655 $5, 5 0 1 , 4 8 5 The $ 5 , 5 0 1 m i l l i o n of a c c e p t e d tenders includes $1,333 million of n o n c o m p e t i t i v e te nde rs and $-3,618 m i l l i o n of c o m p e t i t i v e tenders from p r i v a t e investors. It also includes $550 m i l l i o n of tenders at the av e ra ge pr i ce from Fe deral R e se r v e Banks as agents for f o re ign and i n t e r n a t i o n a l m o n e t a r y a u t h o r i t i e s in e x cha ng e for m a t u r i n g securities. In a d d i t i o n to the $ 5 , 5 0 1 m i l l i o n of tenders acc ep ted in the a u c t i o n proc ess , $638 m i l l i o n of tenders were a c cep te d at the ave rage pr ic e from G o v e r n m e n t a cc ou nts and Federal Re serve Banks for their own a c c o u n t in e x c h a n g e for m a t u r i n g securities. 1/ E x c e p t i n g 1 t e n d e r of Federal Reserve Bank of New York [Ref. Cir. No. 9309] $300,000. 6''28/82 - - ---
@FedFRASER