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TREASURY NEWS D e p a r tm e n t o f th e T re a s u ry • W a s h in g to n , D.C. • T e le p h o n e 566-2041 RESULTS OF PREVIOUS 2-YEAR NOTE AUCTION A u c tion date: June 15, 1983 The D e p a r t m e n t of the T r e a s u r y has accepted $ 8,003 million of $ 1 3 , 9 6 2 m i l l i o n of tenders rece i v e d from the public for the 2-year notes, Series V-1985, auctioned today. The notes will be issued June 30, 1983, and m a t u r e June 30, 1985. The interest r a t e on the notes will be 10%. The r a n g e of accepted c o m p e t i t i v e bids, and the corresponding prices at the 10% interest r a t e are as follows: Bids 1 0 . 00 % Lowe s t yield H i g h e s t yield A v e r a g e yield Prices 100.000 99.788 99.841 1 0 .1 2 % 10.09% T e n ders at the high yield were allotted 23%. TENDERS R E C E I V E D A N D A C C E P T E D (In Thousands) Boston N e w York Philadelphia Cleve l a n d Richmond Atlanta C h i cago St. Louis Minneapolis Kansas C i t y Dallas San F rancisco Treasury Totals Accepted Received Location $ 187,185 11 ,495,905 42,560 183,370 187,885 113,420 862,190 170,425 79,050 128,580 40,995 465,790 4,230 $13 ,961,585 $ 81,885 6,434,615 42,560 147^960 169,395 104,645 449,260 168,655 79,050 122,770 40,995 157,450 ' 4,230 $8,003,470 The $ 8,003 m i l l i o n of accepted tenders includes $1 m i l l i o n of noncom p e t i t iv e tenders and $6,437 m i l l i o n of competitive tenders from the public. In addition to the $8,003 mi l l i o n of tenders accepted in the auction process, $300 m i l l i o n of tenders was awarded at the average price to.Federal Reserve Banks as agents for foreign and international m o n e t a r y authorities. An additional $600 m i l l i o n of tenders was also accepted at the average price from Govern m e n t accounts and Federal R e s erve Banks for their own a c c o u n t in exchange for m a t u r i n g securities. Federal Reserve Bank of New York [Ref. Cir. No. 9508]
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