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TREASURY NEWS apartment of the Treasury • W ashington, D.c. • Telephone 5 6 6 - 2 0 4 1 Auction date: June 1, 1983 RESULTS OF AUCTION OF 5“YEAR 2-MONTH NOTES The Department of the Treasury has accepted $ 5 * 7 6 3 m i l l i o n of $12,980 million of tenders received from the p u b l i c for the 5-year 2-month notes, Series J-1988, auctioned today <, The no t es will be issued June 3, 1983, and mature August 15, 1 3 8 8 o The interest rate on the notes will be 10-1/2%. The range of accepted competitive bids, and the corresponding prices at the 10-1/2% interest rate are as followss Lowest yield Highest yield Average yield B id s P r is e s 10 048% 10.50% 10.50% 99.975 99 o§97 99 o837 Tenders at the high yield were allotted 97%. 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 $ 146,724 10,859,854 15,808 57,252 118,051 4.4,870 995,969 79,578 25,954 44,283 13,699 573,770 4,111 $12,979,923 Accepted $ 24*574 5,037*364 15,308 39,132 75,771 24,870 249,670 63*518 23*804 44*283 8*699 152*348 4,109 $5,763*450 The $ 5,763 million of accepted tenders includes $1,063 million of noncompetitive tenders and $ 4,700 m i l l i o n of c o m p e t i tive tenders from the public. Federal Reserve Bank of New York [Ref. Cir. No. 9503] TREASURY NEWS epartfn©nf of the Treasury • W ashington, o.c. • Telephone 5 6 6 - 2 0 4 1 RESULTS OF PREVIOUS 2-YEAR NOTE AUCTION .Auction date.: May 2 6, 1983 The Department of the Treasury has accepted $7,772 million of $17,716 million of tenders received from the public for the 2-year notes, Series U-1985, auctioned today. The notes will be issued May 31, 1983, and mature May 31, 1985, The interest rate on the notes will be 9-7/8%, The range of accepted competitive b i d s , and the corresponding prices at the 9-7/8% interest rate are as follows: Bids 9.89%1/ 9.93% 9.92% Lowest yield Highest yield Average yield Prices 99.973 99.902 99.920 Tenders at the high yield were allotted 60%, TENDERS RECEIVED AND ACCEPTED Location Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St, Louis Minneapolis Kansas City Dallas San Francisco Treasury Totals $ Received 218,925 14,270,715 83,825 294,545 145,255 170,005 1,149,670 170,875 147,855 163,630 36,605 859,270 5,220 $17,716,395 (In Thousands) $ Accepted 91,925 6,195,570 71,825 238,105 100,445 119,405 312,350 151,095 99,855 152,190 34,105 199,665 5,220 $7,771,755 The $ 7,772 million of accepted tenders includes $1,720 million of noncompetitive tenders and $6,052 million of competitive tenders from the public. In addition to the $ 7,772 million of tenders accepted in the auction process, $375 million of tenders was awarded at the average price to Federal Reserve Banks as agents for foreign and international monetary authorities. An additional $525 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 $200,000. Federal Reserve Bank of New York [Ref. Cir. No. 9503]
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