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thefREASURY - W,, Department of Auction Date: December 18, 1980 RESULTS OF AUCTION OF 4-YEAR NOTES The Department of the Treasury has accepted $3,253 million of million of tenders received from the public for the 4-year notes, Series H-1984, auctioned today. $8,577 The interest coupon rate on the notes will be 14%. The range of accepted competitive bids, and the corresponding prices at the 14% coupon rate are as follows: Prices 100.209 99.821 99.910 Bids Lowest yield Highest yield 13.93% 14.06% Average yield 14.03% Tenders at the high yield were allotted 29%. 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 $ 46,213 7,095,911 22,207 218,500 61,922 72,936 468,312 121,141 36,291 93,172 31,633 306,189 3,020 Accepted $ 32,213 2,395,149 22,207 171,240 36,922 63,816 153,492 100,141 34,231 88,172 27,583 124,764 3,020 $8,577,447 $3,252,950 The $ 3,253 million of accepted tenders includes $881 million of noncompetitive tenders and $2,050 million of competitive tenders from private investors. It also includes $ 322 million of tenders at the average price from Federal Reserve Banks as agents for foreign and inter national monetary authorities in exchange for maturing securities. In addition to the $3,253 miLlion of tenders accepted in the auction process, $ 252 million of tenders were accepted at the average price from Government accounts and Federal Reserve Banks for their cwn account in exchange for maturing securities, and $ 63 million of tenders were accepted at the average price from Federal Reserve Banks as agents for foreign and international monetary authorities for new cash. Federal Reserve Bank of New York [Ref. Cir. No. 8973]
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