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TREASURY NEWS

D e 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 to n , D.C. • T e le p h o n e

1-2041

RESULTS OF PREVIOUS AUCTION OF 2-YEAR NOTES
Auction dates

August 22, 1984

The D e p a r t m e n t ©£ the T r e a s u r y has accepted $ 8,513 m i l l i o n ©f
$21*822 m i l l i o n ©f tenders r e c e i v e d from the p u b l i c for the 2~year
n o t e s * S e r i e s K-1986* auctio n e d t o d a y 0 The notes w ill be issued
August 3 1 * 1984 * and m a t u r e A u g u s t 31, 1986o
The interest rate on the notes will be 12°3/S%0 The range of
a c c e p t e d c o m p e t i t i v e bids,? and the corresponding pri c e s at the 12°3/8%
interest rate are as follows?
Low
High
Average

Yield

Price

12o41%
12o45%
12 o43%

99o940
9 9 o871
99 o905

T e n d e r s at the high yield were allotted 2 0 % 0
T E K D b k S R E C E I V E D A N D A C C E P T E D (In Thousands)
Location
Boston
Mew York
P hiladelphia
Cleve l a n d
Richmond
Atlanta
Chicago
Sto Louis
Minneapolis
Kansas City
Dallas
San Francisco
Treasury
Totals

Received
493,095
17*913*445
50*475
205*395
117*545
113*595
1*366*545
202,010
60*730
1S5,050
34*695
1*088*425
8*940
$21,821,945

$

Accepted
$ 104,095
6*6 9 0 * 8 0 5
50,475
135,895
10 8 , 9 4 5
87*955
624*345
175*405
59*890
160*070
34*695
2 7 1 *070
8,940
$8,512,585

The $ 8*513 mill i o n of accepted tenders includes $ 1,428 m i l l i o n
of n o n c o m p e t i t iv e tenders and $ 7,085 million of c o m p e t i t i v e tenders
from the p u b l i c «,
In a ddition to the $8,513 million of tenders a c c e p t e d in the
a u c tion process* $575 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 additional $643
m i l l i o n of tenders was
also a c c e p t e d at the average price from Government a c c o u n t s and Federal
Reserve Banks for their own account in exchange for m a t u r i n g s e c u r i t i e s .
Kvilvral Kcservu Hank of Now York
|Kof. Cir. No. i)7 lf>|