For Immediate Release CONTACT: Office of Financing
April 06, 2009 202-504-3550
TREASURY AUCTION RESULTS
Term and Type of Security 91-Day Bill
CUSIP Number 912795M99
High Rate1 0.200%
Allotted at High 13.14%
Price 99.949444
Investment Rate2 0.203%
Median Rate3 0.170%
Low Rate4 0.130%
Issue Date April 09, 2009
Maturity Date July 09, 2009
Tendered Accepted
Competitive $101,046,670,000 $28,229,367,700
Noncompetitive $1,406,268,200 $1,406,268,200
FIMA (Noncompetitive) $365,000,000 $365,000,000
Subtotal5 $102,817,938,200 $30,000,635,9006
SOMA $0 $0
Total $102,817,938,200 $30,000,635,900
Tendered Accepted
Primary Dealer7 $77,910,000,000 $15,273,910,000
Direct Bidder8 $1,354,000,000 $835,000,000
Indirect Bidder9 $21,782,670,000 $12,120,457,700
Total Competitive $101,046,670,000 $28,229,367,700
1 6
All tenders at lower rates were accepted in full. Awards to combined Treasury Direct systems = $1,029,985,200.
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: $102,817,938,200/$30,000,635,900 = 3.43