The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
TREASURY NEWS t e p a r tm e n t o f t h 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 5 66 -2 0 4 1 RESULTS OF PREVIOUS AUCTION OF 2 -YEAR NOTES Auction date: August 24, 1983 The D e p a r t m e n t of the T r e a s u r y has accepted $ 8,007 m i l l i o n of $ 1 7 , 2 2 5 m i l l i o n of tenders received from the p u blic for the 2-year notes, Series X-1985, aucti o n e d today. The notes will be issued A u g u s t 31, 1983, and m a t u r e A u g u s t 31, 1985. The i nterest rate on the notes will be 10-5/8%. The range of a ccepted c o m p e t i t i v e bids, and the co r r e s p o n d i ng prices at the 10-5/8% interest rate are as follows: Low High Average Yield Price 10.69% 10.75% 10.73% 99.886 99.780 99.815 Tenders at the high y iel d were allotted 32%. T E N D E R S R E C E I V E D AN D A C C E P T E D (In Thousands) Location Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Fran c i s c o Treasury Totals Received $ 195,360 13,671,130 82,270 106,650 106,280 108,540 1.253.195 141,275 49,765 118,610 75,355 1.307.195 8,970 $ 1 7 , 224,595 Accepted $ 74,180 6,288,390 57,870 101,890 99,910 99,460 326,035 129,915 49,765 114,270 61,950 594,055 8,970 $8,006,660 The $ 8 , 0 0 7 m i l l i o n of accepted tenders includes $ 1 , 8 5 4 m i l lion of n o n c o m p e t i t i v e tenders and $ 6 , 1 5 3 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 , 0 0 7 m i l l i o n of tenders accepted in the a uct i o n process, $305 m i l l i o n of tenders was awarded at the average price to Federal R e s erve Banks as agents for foreign and international m o n e t a r y authorities. An ad d i t i o n a l $643 m i l l i o n of tenders was also a ccepted at the average p ric e 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 matu r i n g securities. Federal Reserve Bank of New York l Ref. Cir. No. 9540)
@FedFRASER