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TREASURY NEWS D 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 566-2041 RESULTS OF PREVIOUS AUCTION OF 2-YEAR NOTES Auction date: September 14, 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 , 0 0 2 m i l l i o n of $14,774 m i l l i o n of tenders r e ceived from the p u blic for the 2-year notes, Series Y-1985, a ucti o n e d today* The notes will be issued S e ptember 30, 1983, and m a t u r e Sep t e m b e r 30, 1985. The interest rate on the notes w ill be 10-7/8%.- 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 10-7/8% interest rate are as follows: Yield Low High A v e rage Price 10.87% 10.94% 10.91% Tenders at the high yie l d w ere allotted 100.009 99.886 99.939 75%. TENDERS R E C E I V E D A N D A C C E P T E D (In Thousands) Received Boston New York Phil a d e l p h i a Cleveland Richmond Atlanta Chicago St. Louis Minne a p o l i s Kansas City Dallas San Francisco Trea s u r y Totals $ 222,700 1 2 ,013,410 32,800 149,045 77,080 95,170 1,138,155 133,585 61,855 105,465 25,250 711,215 7,810 $14,773,540 Accepted $ 84,200 6,407,160 32,800 145,295 70,055 93,920 438,205 116,585 60,605 104,590 25,250 415,465 7,810 $8,001,940 The $8,002 m i l l i o n of accepted tenders includes $ m i l l i o n of n o n c o m p e t i t i v e tenders and $6,547 m i l l i o n of competitive tenders from the public. In a d d i t i o n to the $8,002 m i 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 Ban k s 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 $450 m i l l i o n of tenders was also accepted at the averag e p r i c e from G o v e r n m e n t accounts and Federal Reserve Banks for their own acco u n t in exchange for m a t u r i n g securities. y Excepting 2 tenders totaling $40,000. Federal Reserve Bank of New York [Ref. Cir. No. 9549]
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