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treasury ne w s o.c. e p a r tm e n t off th o T re a s u ry • W a s h in g to n , • T e le p h o n e 566-2041 RESULTS OF PREVIOUS 2-YEAR NOTE AUCTION Auction date: July 20, 1983 nr- y/t/ss The D e p a r t m e n t of the T r e a s u r y has accepted $ 8 , 0 0 1 m i l l i o n of $16,029 m i l l i o n of tenders rece i v e d from the public for the 2-year notes, Series W - 1 985, a u c t i o n e d today. The notes will be issued A u g u s t 1, 1983, and m a t u r e J u l y 31, 1985. The inte r e s t rate on the notes will be 1 0 - 5 / 8 % ^ The range of accepted c o m p e t i t i v e bids, and the c o r r e s p o n d i ng prices at the 10-5/8% i n t er e s t rate are as follows: Lowest yield H i g h e s t yield Average yield Bids Prices 10.57% 10.66% 10.62% 100.097 99.938 100.009 T e n d e r s at the high yield were allotted 23%. T E N D E R S R E C E I V E D A N D A C C E P T E D (In Thousands) Received Loca t i o n Boston New York Philadelphia Cleveland Richm o n d Atlanta Chic a g o St. Louis Minneapolis Kansas City Dallas San Franc i s c o Treasury Totals $ 176,040 13 , 2 7 0 , 1 3 5 50,350 158,200 75,425 101,010 1 , 1 38,680 120,800 47,575 136,360 31,610 714,660 8,200 $16, 0 2 9 , 0 4 5 Accepted $ 65,040 6,332,495 50,350 158,200 75,415 101,010 524,940 115,250 47,575 126,360 31,605 364,655 8,200 $8,001,095 The $8,001 m i l l i o n of acc e p t e d tenders includes $ 1 , 6 4 7 m i l l i o n of n o n c o m p e t i t i v e tenders and $6,354 m i l l i o n of competitive tenders from the public. In a d d i t i o n to the $8,001 m i l l i o n of tenders accepted in the auction process, $350 m i l l i o n of tenders was awarded at the average price to Federal R e s e r v e Banks as agents for foreign and international monetary authorities. An addi t i o n a l $387 m i l l i o n of tenders was also iccepted at the average price from G o v e r n m e n t accounts and Federal Reserve Banks for their own a c c o u n t in exchange for m a turing securities. 1/ The i n t e r e s t rate w a s e s t a b l i s h e d at 10-5/8% so t hat all prices w o u l d be above the o r i g i n a l issue d i s c o u n t limit of 99.750. Federal Reserve Bank of New York [Ref. Cir. No. 9526]
@FedFRASER