For Immediate Release CONTACT: Office of Financing
April 13, 2009 202-504-3550
TREASURY AUCTION RESULTS
Term and Type of Security 91-Day Bill
CUSIP Number 912795N23
High Rate1 0.180%
Allotted at High 30.27%
Price 99.954500
Investment Rate2 0.183%
Median Rate3 0.150%
Low Rate4 0.120%
Issue Date April 16, 2009
Maturity Date July 16, 2009
Tendered Accepted
Competitive $93,315,921,000 $26,328,762,500
Noncompetitive $1,321,703,400 $1,321,703,400
FIMA (Noncompetitive) $350,000,000 $350,000,000
Subtotal5 $94,987,624,400 $28,000,465,9006
SOMA $0 $0
Total $94,987,624,400 $28,000,465,900
Tendered Accepted
Primary Dealer7 $72,605,000,000 $16,884,037,500
Direct Bidder8 $7,749,000,000 $1,679,592,500
Indirect Bidder9 $12,961,921,000 $7,765,132,500
Total Competitive $93,315,921,000 $26,328,762,500
1 6
All tenders at lower rates were accepted in full. Awards to combined Treasury Direct systems = $1,022,363,400.
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: $94,987,624,400/$28,000,465,900 = 3.39