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TREASURY NEWS le p a r t m e n t o f th e T re a s u ry • W a s h in g to n , O.C. • T e le p h o n e 5 66-2041 RESULTS OF PREVIOUS AUCTION OF 2-YEAR NOTES Auction date: December 21, 1983 The Department of the Treasury has accepted $ 8,261 m i l l i o n of $ 17,464 m i l lion of tenders received from the public for the 2-year notes, Series AC-1985, auctioned today. The notes will be issued J a n uary 3, 1984, and m a t u r e D e cember 31, 1985. The interest rate on the notes will be 10-7/8%. The range of accepted c o m p etitive bids, and the corresponding prices at the 10-7/8% interest rate are as follows: Low High Average Yield Price 10.83% 10.90% 10.89% 100.079 99.956 99.974 Tenders at the high yield were allotted 86%. TENDERS 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 M i n neapolis Kansas City Dallas San F r ancisco Treasury Totals Received $ 253,905 14,336,130 57,595 161,965 162,630 113,695 961,005 178,250 65,815 128,065 37,275 1,002,780 4,930 $17,464,040 ' Accepted $ 142,790 6,494,390 47,595 138,285 137,520 110,455 523,945 166,340 64,395 125,065 36,565 268,540 4,930 $8,260,815 The $8,261 m i l l i o n of a ccepted tenders includes $ 1 , 2 1 8 million of noncom p e t i t iv e tenders and $7 , 0 4 3 m i l lion of competitive tenders from the public. In addition to the $8,261 million of tenders accepted in the a uction process, $110 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 ad d i t i o n a l $600 million of tenders was also accepted at the average price from G o vernment accounts and Federal Reserve Banks for their own a c c ount in exchange for maturing securities. Federal Reserve Bank of New York [Ref. Cir. No. 9598]
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