For Immediate Release CONTACT: Office of Financing
March 30, 2009 202-504-3550
TREASURY AUCTION RESULTS
Term and Type of Security 91-Day Bill
CUSIP Number 912795Q87
High Rate1 0.195%
Allotted at High 20.86%
Price 99.950708
Investment Rate2 0.198%
Median Rate3 0.160%
Low Rate4 0.120%
Issue Date April 02, 2009
Maturity Date July 02, 2009
Tendered Accepted
Competitive $94,070,835,000 $29,385,514,000
Noncompetitive $1,414,751,900 $1,414,751,900
FIMA (Noncompetitive) $200,000,000 $200,000,000
Subtotal5 $95,685,586,900 $31,000,265,9006
SOMA $0 $0
Total $95,685,586,900 $31,000,265,900
Tendered Accepted
Primary Dealer7 $68,780,000,000 $16,176,450,000
Direct Bidder8 $1,058,000,000 $395,086,000
Indirect Bidder9 $24,232,835,000 $12,813,978,000
Total Competitive $94,070,835,000 $29,385,514,000
1 6
All tenders at lower rates were accepted in full. Awards to combined Treasury Direct systems = $1,144,496,200.
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: $95,685,586,900/$31,000,265,900 = 3.09