2009 Economic Calendar POWERED BY  Resource Center »  U.S. & Intl Recaps   |   Release Dates   |   Event Definitions   |   Today's Calendar 4-Week Bill Announcement   Description of Offering Offering Amount $26.0 B  CUSIP Number 912795P54  Auction Date September 1, 2009  Issue (Settlement) Date September 3, 2009  Maturity Date October 1, 2009  Min Bid Amount $100  Receipt of Tenders Noncompetitive Bids 12:00 Noon ET Competitive Bids 1:00 p.m. ET Definition Treasury bills are sold at public auctions every week. Competitive bids at these auctions determine the interest rate paid on each issue. A group of 17 securities dealers (as of June 18, 2009), known as primary dealers, are authorized and obligated to submit competitive tenders at Treasury auctions. Dealers can hold the bills, resell the bills to their clients or trade them with other securities firms. Since these are public auctions, the Treasury must announce the size, date and time of the auction every week. Four-week bills are announced on Monday for a Tuesday auction and are issued (settled) on Thursday of the same week. If a Monday is a banking holiday, the bills are auctioned on Wednesday. (Department of the Treasury)  Why Investors Care   Order the 2010 Econoday Investor's Journal Print Edition Legal Notices | ©Copyright 2000-2010 Econoday, Inc.  powered by