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TREASURY NEWS
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RESULTS OF AUCTION OF 4-YEAR NOTES
Auction date: December 26, 1984
The Department of the Treasury has accepted $ 6 , 2 0 6
million of
§ 1 4 , 9 4 8 million of tenders received from the public for the 4-year
notes, Series Q-1988, auctioned t o d a y c The notes will be issued
December 31, 1984, and mature December 31, 1988.
The interest coupon rate on the notes will be 10-5/8%., The
range of accepted competitive bids, and the corresponding prices at
the 10-5/8%
coupon rate are as follows:
Yield
Low
High
Average
Price
10.71%
10.74%
10.72%
99.729
99.634
99.697
Tenders at the high yield were allotted
53%.
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
$
269,893
12,570,447
9,200
173,066
21,245
30,419
979,242
78,782
11,068
47,142
7,666
749,012
1,046
Accepted
$
9,893
5,400,117
9,200
162,491
14,895
21,539
235,532
76,782
10,598
44,142
7,666
212,482
1,046
$14,948,228
$6,206,383
The $6,206 million of accepted tenders includes $378 million
of noncompetitive tenders and $5,828 million of competitive tenders
from private investors.
In addition to the $6,206 million of tenders accepted in the
auction process, $220 million of tenders was awarded at the average
price to Federal Reserve Banks, as agents for foreign and interna
tional monetary authorities.
An additional $366 million of tenders
was accepted at the average price from Government accounts and
Federal Reserve Banks for their own account in exchange for maturing
securities.
Federal Reserve Hank of N ew York
lR ef. C ir. No. 9 7 7 4 1
@FedFRASER