2012 Economic Calendar
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4-Week Bill Announcement   Description of Offering Offering Amount $40.0 B  CUSIP Number 9127955F4  Auction Date February 28, 2012  Issue (Settlement) Date March 1, 2012  Maturity Date March 29, 2012  Min Bid Amount $100  Receipt of Tenders Noncompetitive Bids 11:00 a.m. ET Competitive Bids 11:30 a.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 securities dealers, 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. Typically, the New York Fed approves about 20 securities firms to be primary dealers but that number dropped sharply during the recent financial crisis as some were merged into other firms or went bankrupt. The Fed has been rebuilding that number regularly and the latest list can be found here: http://www.newyorkfed.org/markets/pridealers_current.html 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   Important Legal Notice: Econoday has attempted to verify the information contained in this calendar. However, any aspect of such info may change without notice. Econoday does not provide investment advice, and does not represent that any of the information or related analysis is accurate or complete at any time.  Legal Notices © 1998-2012 Econoday, Inc. All Rights Reserved. Actual Data Source: Haver Analytics powered by