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TREASURY NEWS

© e p a r t m e n f @(? SDne T r e a s u r y o w a s h lf iig f o ii; ®oCg0 o Y e le p iio n ® S M -2 0 4 1
RESULTS OF PREVIOUS AUCTION OF 2-YEAR NOTES
Auction dates

March 21, 1984

The Department of the Treasury has accepted $ 8,252 mi 11 ion of
$ 15,702 mi 11 ion of tenders received from the public for the 2~year
notes? Series S-1986? auctioned today0 The notes will be issued
April 2? 1984? and mature March 31? 1986 .
The interest rate on the notes will be ll~l/2%. The range of
accepted competitive bids? and the corresponding prices at the 11=1/2%
interest rate are as follows?
Low
High
Average

Yield

Price

11.5251/
11.58%
11.55%

99.965
99 o861
99.913

Tenders at the high yield were allotted

99%.

TENDERS RECEIVED AND ACCEPTED (In Thousands)
Location
Received
Accepted
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
Sto Louis
Minneapolis
Kansas City
Dallas
San Francisco
Treasury
Totals

$

207,140
12 ?847? 950
66? 845
226 ?965
114? 375
117? 030
1? 047? 240
162,660
64 ?670
167? 680
39 ?435
629? 645
10 ?090

$15? 701? 725

1

103,130
6 ?474 ?320
66 ?835
221? 815
114 ?375
115 ?030
390 ?040
160 ?645
64 ?170
165 ?16 0
39 ?435
326 ?635
10 ?090

$8 ?251? 680

The $8?252 million of accepted tenders includes $1?393 million
of noncompetitive tenders and $S?859 million of competitive tenders
from the publico
In addition to the |S?2S2 million of tenders accepted in the
auction process? $145 million of tenders wag awarded at the average
price to Federal Reserve Banks as agents for foreign and international
monetary authorities 0 An additional $800. 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 2 tenders totaling $1?040?000.
'edspal Reserve Bank of New York
•tef. Cir. No. g§54)