PUBLIC DEBT NEWS
Department of the Treasury • Bureau of the Public Debt • Washington, DC 20239
TREASURY SECURITY AUCTION RESULTS
BUREAU OF THE PUBLIC DEBT - WASHINGTON DC
FOR IMMEDIATE RELEASE CONTACT: Office of Financing
August 22, 2005 202-504-3550
RESULTS OF TREASURY'S AUCTION OF 13-WEEK BILLS
Term: 92-Day Bill
Issue Date: August 25, 2005
Maturity Date: November 25, 2005
CUSIP Number: 912795WB3
High Rate: 3.460% Investment Rate 1/: 3.539% Price: 99.115778
All noncompetitive and successful competitive bidders were awarded
securities at the high rate. Tenders at the high discount rate were
allotted 58.30%. All tenders at lower rates were accepted in full.
AMOUNTS TENDERED AND ACCEPTED (in thousands)
Tender Type Tendered Accepted
----------- ----------------- -----------------
Competitive $ 41,460,725 $ 15,766,199
Noncompetitive 1,911,090 1,911,090
FIMA (noncompetitive) 323,300 323,300
----------------- -----------------
SUBTOTAL 43,695,115 18,000,589 2/
Federal Reserve 7,387,558 7,387,558
----------------- -----------------
TOTAL $ 51,082,673 $ 25,388,147
Median rate 3.450%: 50% of the amount of accepted competitive tenders
was tendered at or below that rate. Low rate 3.440%: 5% of the amount
of accepted competitive tenders was tendered at or below that rate.
Bid-to-Cover Ratio = 43,695,115 / 18,000,589 = 2.43
1/ Equivalent coupon-issue yield.
2/ Awards to TREASURY DIRECT = $1,324,486,000
http://www.publicdebt.treas.gov