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9! TREASURY NEWS epartment of the Treasury • Washington, D.C. • Telephone 566-2041 Auction date: July 21, 1982 ^""l $Xf RESULTS OF AUCTION OF 2-YEAR NOTES The Department of the Treasury has accepted $6,001 m i l l i o n of $ 10,102 m i l l i o n of tenders received from the public for the 2-year notes, Series U-1984, auctioned today. The notes will be issued August 2, 1982, and mature July 31, 1984. The interest coupon rate on the notes will be 13-1/8%— ^ The range of accepted competitive bids, and the corresponding prices at the 13-1/8% coupon rate are as follows: Bids Lowest yield Highest yield Average yield Prices 13.04% 13.17% 13.09% 100.145 99.923 100.060 Tenders at the high yield were allotted TENDERS RECEIVED AND ACCEPTED 57%. (In Thousands) Location Boston N e w York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Treasury Received $ 60,050 8,413,040 97,500 82,065 116,625 60,720 657,095 89,635 25,380 64,110 31,460 398,060 5,835 Accepted $ 53,050 5,146,725 97,500 60,065 82,595 56,720 200,785 85,635 24,380 63,660 31,460 92,630 5,835 Totals $10,101,575 $6,001,040 The $ 6,001 million of accepted tenders includes $1,058 m i l lion of noncompetitive tenders and $4,465 million of competitive tenders from private investors. It also includes $478 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 $ 6,001 million of tenders accepted in the auction process, $1,107 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/The coupon rate was established at 13-1/8% so that all prices would be above the original issue discount limit of 99.750. Federal Reserve Bank of New York [Ref. Cir. No. 9324] 7/28/82
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