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Ml TREASURY NEWS 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 RESULTS OF PREVIOUS AUCTION OF 2-YEAR NOTES ' Auction date: 7^' December 19, 1984 The Department of the Treasury has accepted $9,009 m i l l i o n of $21,417 m i l l i o n of tenders received from the public for the 2-year notes, Series AC-1986, auctioned today. The notes will be issued December 31, 1984, and mature December 31, 1986. The interest rate on the notes will be 9-7/8%. The range of accepted c ompetitive bids, and the c o r r e s p o n d i ng prices at the 9-7/8% interest rate are as follows: Low High Aver a g e Yield 9.87% 9.93% 9.92% Price 100.009 99.902 99.920 Tenders at the high yield were allotted TENDERS RECEIVED AND ACCEPTED Location Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Treasury Totals Received S 273,510 18,155,165 32,750 59,880 79,580 65,595 1,057,095 148,620 60,920 103,180 32,345 1,342,270 6,155 $21,417,065 23%. (In T h o u s a n d s ) Accepted $ 63,510 7,930,695 32,750 58,110 47,580 50,515 310,865 124,350 60,920 99,950 30,035 193,070 6,155 $9,008,505 The $9,009 million of accepted tenders includes $851 million of nonc o m p e t i t iv e tenders and $8,158 m i l l i o n of competitive tenders from the public. In addition to the $9,009 million of tenders accepted in the auction process, $396 million of tenders was awarded at the average price to Federal Reserve Banks as agents for foreign and i n t e r national m onetary authorities. An additional $600 m i l l i o n of tenders was also accepted at the average price from Gover n m e n t accounts and Federal Reserve Banks for their own account in e x change for maturing securities. ederal R eserve B ank of N ew York .^ef. Cir. No. 9769]