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A URY MEWS 3 o ff tfo ® o W iis iiin f$ t© r§ , 0 „ g o o Auction date; T e l@ p tio n @ S G S -2 0 4 1 April 20, 1983 RESULTS OF AUCTION OF 2-YEAR NOTES The Department of the Treasury has accepted $ 7 , 7 5 6 million of $19,101 million of tenders received from the public for the 2-year notes, Series T - 1 9 8 5 , auctioned t o d a y . The notes will be issued May 2, 1 9 8 3 , and mature April 3 0 , 1985c The interest rate on the notes will be 9-1/2%. The range of accepted competitive bids, and the corresponding prices at the 9-1/2% interest rate are as follows; Bids Prices Lowest yield Highest yield Average yield 9.60%1/ 9.63% 9.61% 99.822 99.769 99.805 Tenders at the high yield were allotted 13%. TENDERS RECEIVED AND ACCEPTED Location Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Treasury Totals (In Thousands) Received $ 182,975 16,284,070 72,650 150,400 100,185 125,440 1,041,210 208,850 83,725 95,705 32,825 718,205 4,885 Accepted $ 63,225 6,705,555 45,650 97,480 60,185 81,960 288,640 149,935 73,615 91,205 28,955 64,565 4,885 $19,101,125 $7,755,855 The $ 7,756 million of accepted tenders includes $1,436 million of noncompetitive tenders and $ 6,320 million of competitive tenders from the public. In addition to the $ 7,756 million of tenders accepted in the auction process, $365 million of tenders was awarded at the average price to Federal Reserve Banks as agents for foreign and international monetary authorities. An additional $342 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. 1/ Excepting 1 tender of $10,000. Federal Reserve Bank of New York [Ref. Cir. No. 9481] 5/3/83
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