For Immediate Release CONTACT: Office of Financing
April 27, 2009 202-504-3550
TREASURY AUCTION RESULTS
Term and Type of Security 91-Day Bill
CUSIP Number 912795Q95
High Rate1 0.135%
Allotted at High 62.20%
Price 99.965875
Investment Rate2 0.137%
Median Rate3 0.110%
Low Rate4 0.050%
Issue Date April 30, 2009
Maturity Date July 30, 2009
Tendered Accepted
Competitive $86,126,881,000 $26,863,081,000
Noncompetitive $1,487,113,500 $1,487,113,500
FIMA (Noncompetitive) $650,000,000 $650,000,000
Subtotal5 $88,263,994,500 $29,000,194,5006
SOMA $0 $0
Total $88,263,994,500 $29,000,194,500
Tendered Accepted
Primary Dealer7 $69,005,000,000 $16,453,500,000
Direct Bidder8 $7,708,306,000 $3,708,306,000
Indirect Bidder9 $9,413,575,000 $6,701,275,000
Total Competitive $86,126,881,000 $26,863,081,000
1 6
All tenders at lower rates were accepted in full. Awards to combined Treasury Direct systems = $1,225,883,300.
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: $88,263,994,500/$29,000,194,500 = 3.04