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

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TREASURY NEWS

Departm ent of the Treasury • W ashington, D .c . • Telephone 566-2041

A u c tio n d a te :

Novem ber 1 7 , 1982

RESULTS OF AUCTION OF 2-YEAR NOTES
The D ep a rtm en t o f th e T r e a su r y h as a c c e p te d $ 6 ,7 5 3
m illio n o f
$ 1 4 ,5 2 8 m i l l i o n o f te n d e r s r e c e iv e d from th e p u b lic fo r th e 2 -y e a r
n o t e s , S e r i e s Y -1 9 8 4 , a u c tio n e d to d a y . The n o te s w i l l be is s u e d
N ovem ber 3 0 , 1 9 8 2 , and m a tu re Novem ber 3 0 , 1 9 8 4 .
The i n t e r e s t r a t e on th e n o t e s w i l l be 9 -7 /8 % .
The
ra n g e o f a c c e p t e d c o m p e t it iv e b i d s , and th e c o r r e s p o n d in g p r i c e s a t
th e 9-7/8% i n t e r e s t r a t e a r e a s f o l lo w s :
B id s
P r ic e s
9.85%
L o w est y i e l d
1 0 0 .0 4 4
9.93%
H ig h e s t y i e l d
9 9 .9 0 2
A v era g e y i e l d
9.91%
9 9 .9 3 8
:rs a t th e h ig h y i e l d w ere a l l o t t e d 96%.
TENDERS RECEIVED
L o c a tio n
B o sto n
New York
P h ila d e lp h ia
C le v e la n d
Richm ond
A t la n t a
C h ica g o
S t . L o u is
M in n e a p o lis
K ansas C i t y
D a lla s
San F r a n c is c o
T r e a su r y
T o t a ls

AND ACCEPTED ( In T h o u san d s)
A ccep ted
R ece iv e d
$
76,630
s
65,550
12,059,925
5,358,495
95,900
75,900
247,265
206,025
97,515
65,455
89,240
62,660
952,205
432,860
155,450
131,330
57,930
47,930
69,975
68,955
24,000
18,000
596,115
213,995
6,155
6,155
$14,528,305
$6,753,310
The $ 6 , 7 5 3 m i l l i o n o f a c c e p te d te n d e r s i n c l u d e s $ 1 , 2 5 8 m i l l i o n
o f n o n c o m p e t it iv e t e n d e r s and $ 5 , 4 9 5 m i l l i o n o f c o m p e t it iv e te n d e r s
from th e p u b l i c .

1

In a d d i t i o n t o t h e $ 6 , 7 5 3 m i l l i o n o f te n d e r s a c c e p te d in th e
a u c t i o n p r o c e s s , $280 m i l l i o n o f te n d e r s was aw arded a t th e a v e r a g e
p r i c e to F e d e r a l R e se r v e Banks a s a g e n ts f o r f o r e i g n and i n t e r n a t i o n a l
m o n e ta r y a u t h o r i t i e s . An a d d i t i o n a l $437 m i l l i o n o f te n d e r s was a l s o
a c c e p t e d a t th e a v e r a g e p r i c e from G overnm ent a c c o u n ts and F e d e r a l
R e se r v e B anks f o r t h e i r own a c c o u n t in e x c h a n g e fo r m a t u r i n g s e c u r i t i e s .
Federal Reserve Bank of New York
[Ref. Cir. No. 9402]




11/17/82