Professional Documents
Culture Documents
Tendered Accepted
Competitive $36,122,450,000 $15,972,237,100
Noncompetitive $27,765,700 $27,765,700
FIMA (Noncompetitive) $0 $0
Subtotal4 $36,150,215,700 $16,000,002,8005
Tendered Accepted
Primary Dealer6 $24,912,350,000 $7,009,957,000
Direct Bidder7 $2,475,000,000 $1,932,180,100
Indirect Bidder8 $8,735,100,000 $7,030,100,000
Total Competitive $36,122,450,000 $15,972,237,100
1 5
All tenders at lower yields were accepted in full. Awards to combined Treasury Direct systems = $6,709,100.
2 6
50% of the amount of accepted competitive tenders was tendered at or below Primary dealers as submitters bidding for their own house accounts.
that yield. 7
Non-Primary dealer submitters bidding for their own house accounts.
3 8
5% of the amount of accepted competitive tenders was tendered at or below Customers placing competitive bids through a direct submitter, including
that yield. Foreign and International Monetary Authorities placing bids through the
4 Federal Reserve Bank of New York.
Bid-to-Cover Ratio: $36,150,215,700/$16,000,002,800 = 2.26