The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
TREASURY NEWS Departm ent of the Treasury • W ashington, o.c. • Telephone 566-2041 Auction date: October 20, 1982 RESULTS OF AU C TION OF 2-YEAR NOTES The D e partment of the Treasury has accepted $ 6,751 million of $ 13,887 m i l l i o n of tenders received from the public for the 2-year notes, Series X-1984, auctioned today. The notes will be issued N o v em b e r 1, 1982, and mature October 31, 1984. The interest rate on the notes will be 9-3/4%. The range of accepted competitive bids, and the corresponding prices at the 9-3/4% interest rate are as follows: Lowest yield Highest yield Average yield Bids Prices 9.72% 9.85% 9.79% 100.053 99.823 99.929 Tenders at the high yield were allotted 73%. TENDERS RECEIVED AND ACC E P T E D (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 Received $ 75,105 11,438,295 74,700 107,250 89,830 86,940 810,520 164,205 52,175 65,850 28,795 886,550 6,820 Accepted $ 68,805 5,463,645 74,700 98,980 84,825 84,110 307,925 112,085 48,900 65,650 28,785 305,790 6,820 Totals $13,887,035 $6,751,020 The $ 6,751 m i l lion of accepted tenders includes $ 1,326 million of noncompetitive tenders and $ 5,425 million of competitive tenders from the public. In addition to the $6,751 million of tenders accepted in the auction process, $575 million of tenders was awarded at the average price to Federal Reserve Banks as agents for foreign and international m o n etary authorities. An additional $478 million of tenders was also 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. 9382] 10/27/82
@FedFRASER