PUBLIC DEBT NEWS
Department of the Treasury • Bureau of the Public Debt • Washington, DC 20239
TREASURY SECURITY AUCTION RESULTS
BUREAU OF THE PUBLIC DEBT - WASHINGTON DC
FOR IMMEDIATE RELEASE CONTACT: Office of Financing
August 19, 2003 202-691-3550
RESULTS OF TREASURY'S AUCTION OF 4-WEEK BILLS
Term: 28-Day Bill
Issue Date: August 21, 2003
Maturity Date: September 18, 2003
CUSIP Number: 912795NN7
High Rate: 0.945% Investment Rate 1/: 0.955% Price: 99.927
All noncompetitive and successful competitive bidders were awarded
securities at the high rate. Tenders at the high discount rate were
allotted 47.06%. All tenders at lower rates were accepted in full.
AMOUNTS TENDERED AND ACCEPTED (in thousands)
Tender Type Tendered Accepted
----------- ----------------- -----------------
Competitive $ 45,999,885 $ 17,956,405
Noncompetitive 43,827 43,827
FIMA (noncompetitive) 0 0
----------------- -----------------
SUBTOTAL 46,043,712 18,000,232
Federal Reserve 3,106,001 3,106,001
----------------- -----------------
TOTAL $ 49,149,713 $ 21,106,233
Median rate 0.935%: 50% of the amount of accepted competitive tenders
was tendered at or below that rate. Low rate 0.900%: 5% of the amount
of accepted competitive tenders was tendered at or below that rate.
Bid-to-Cover Ratio = 46,043,712 / 18,000,232 = 2.56
1/ Equivalent coupon-issue yield.
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