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TREASURY NEWS D epartm ent of the Treasury • W ashington, D.C. • Telephone see Auction date: August 25, 1982 RESULTS OF AUCTION OF 2-YEAR NOTES The Department of the Treasury, has accepted $ 6,501 million of $ 1 2 , 0 0 1 million of tenders received from the public for the 2-year notes, Series V-1984, auctioned today. The notes will be issued August 31, 1982, and mature August 31, 1984. The interest coupon rate on the notes will be 11-5/8%. The range of accepted competitive bids, and the corresponding prices at the 11-5/8% coupon rate are as follows: Lowest yield Highest yield Average yield Bids Prices 11.38% 11.72% 11.67% 100.428 99.835 99.922 Tenders at the high yield were allotted 75%. TENDERS RECEIVED AND ACCEPTED (In T h o u s a n d s ) Location Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Treasury Totals Received $ 192,470 9,074,885 79,100 337,340 168,380 129,310 1,086,.340 159,590 72,000 92,405 44,455 559,135 5,425 Accepted $ 171,470 4,819,625 57,100 275,340 116,610 ' 126,810 349,585 151,090 71,500 92,405 44,455 219,385 5,415 $12,000,835 $6,500,790 The $ 6 ,501 million of accepted tenders includes $ 1,485 million of noncompetitive tenders and $5 , 0 1 6 million of competitive tenders from the public. In addition to the $ 6,501 mill ion of tenders accepted in the auction process, $350 million of tenders was awarded at the average price to Federal Reserve Banks as agents for foreign and international m onetary authorities, and $570 million of tenders was accepted at the average price from Government accounts and Federal Reserve Banks for their own account in exchange for maturing securities. Federal Reserve Bank of New York [Ref. Cir. No. 9344] http://fraser.stlouisfed.org/ k Federal Reserve Bank of St. Louis 9/1/82 I
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