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TREASURY MEWS

a p a r t m e n t o f t h e T r e a s u r y • W a s h in g t o n , D .c . • T e le p h o n e 566-2041

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R ESU LTS OF PR E V IO U S A UCTIO N OF 2 -Y E A R NOTES

Auction date;

January 25, 1984

The Department of the Treasury has accepted $ 8,275 mill ion of
$19,449 million of tenders received from the public for the 2-year
notes, Series 0-1986, auctioned today. The notes will be issued
January 31, 1984, and mature January 31, 1986.
The interest rate on the notes will be 10-5/8%. The range of
accepted competitive bids, and the corresponding prices at the XO-5/8%
interest rate are as follows^
Yield
Low
High
Average

Price

10.64% .1/
10.67% “
10.66%

99.974
.99.921
99.938

Tenders at -the high yield were .allotted 60%.
TENDERS R E C E I V E D .AND ACCEPTED (In Thousands)
Location
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St*, Louis
Minneapolis
Kansas City
Dallas
San Francisco
Treasury
Totals

Received

Accepted

$
206,190
15,717,400
86,965
147,800
237,340
251,.905
1,122,420
237,045
127,065
160,140
46,055
1,100,340
8,660

$

$19,449,325

$8,275,030

107,790
6,249,750
64,965
116,995
90,340
206,605
509,120
180,395
111,785
148,840
41,055
438,740
8,650

The $ 8,275 million of accepted tenders includes $1,553 million
of noncompetitive tenders and $6,722 million of competitive tenders
from the public*
In addition t o :the $ 8,275 million of tenders accepted in the
auction process, $325 million of tenders was awarded at the average
price to Federal Reserve Banks as agents for foreign and international
monetary authorities.
An additional $560 million of tenders was
also accepted at the average price from Government accounts and Federal
Reserve Banks for their own account in exchange for maturing securities.
1 / Excepting 1 tender of $25,000.
'ederal Reserve Bank of New York
itef. Cir. No. 9623]