For Immediate Release CONTACT: Office of Financing
April 28, 2009 202-504-3550
TREASURY AUCTION RESULTS
Term and Type of Security 28-Day Bill
CUSIP Number 912795M24
High Rate1 0.055%
Allotted at High 43.82%
Price 99.995722
Investment Rate2 0.056%
Median Rate3 0.020%
Low Rate4 0.000%
Issue Date April 30, 2009
Maturity Date May 28, 2009
Tendered Accepted
Competitive $80,605,100,000 $19,002,670,000
Noncompetitive $300,248,500 $300,248,500
FIMA (Noncompetitive) $697,200,000 $697,200,000
Subtotal5 $81,602,548,500 $20,000,118,5006
SOMA $2,418,028,000 $2,418,028,000
Total $84,020,576,500 $22,418,146,500
Tendered Accepted
Primary Dealer7 $64,875,000,000 $11,297,470,000
Direct Bidder8 $5,834,000,000 $1,675,000,000
Indirect Bidder9 $9,896,100,000 $6,030,200,000
Total Competitive $80,605,100,000 $19,002,670,000
1 6
All tenders at lower rates were accepted in full. Awards to combined Treasury Direct systems = $118,870,300.
2 7
Equivalent coupon-issue yield. Primary dealers as submitters bidding for their own house accounts.
3 8
50% of the amount of accepted competitive tenders was tendered at or below Non-Primary dealer submitters bidding for their own house accounts.
that rate. 9
Customers placing competitive bids through a direct submitter, including
4 Foreign and International Monetary Authorities placing bids through the
5% of the amount of accepted competitive tenders was tendered at or below
that rate. Federal Reserve Bank of New York.
5
Bid-to-Cover Ratio: $81,602,548,500/$20,000,118,500 = 4.08