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TREASURY NEWS department of the Treasury • Washington, D.C. • Telephone 566-2041 A uction d a te : February 16* 1983 RESULTS OF AUCTION OF 2-YEAR NOTES The Department of the Treasury has accepted $7*501 million of $14*934 million of tenders received from the public for the 2-year notes* Series R-1985* auctioned today. The notes will be issued February 28* 1983* and mature February 28* 1985. The interest rate on the notes will be 9-5/8%0 The range of accepted competitive bids* and the corresponding prices at the 9-5/8% interest rate are as followss Lowest yield Highest yield Average yield Bids Prices 9 o65% 9.73% 9 o71% 99.955 99.813 99.849 Tenders at the high yield were allotted 94%. TENDERS RECEIVED AND ACCEPTED (In Thousands) Location Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Treasury Totals Received $ 83,660 12,443*940 46*080 179*995 138*490 71*650 768*075 129*775 63*430 97*955 35*510 872*130 3*110 $14,933,800 Accepted $ 49,760 6*127*270 46*080 164*635 117*420 61*590 360*235 122*185 62*130 95*895 35*330 255*110 3*110 $7,500,750 The $7*501 million of accepted tenders includes $1*455 million of noncompetitive tenders and $6*046 million of competitive tenders from the public. In addition to the $7*501 million of tenders accepted in the auction process* $340 million of tenders was awarded at the average price to Federal Reserve Banks as agents for foreign and international monetary authorities. An additional $499 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. 9453] 2/23/83
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