C.F.R. » Title 31 » CHAPTER II—FISCAL SERVICE, DEPARTMENT OF THE TREASURY › SUBCHAPTER A—BUREAU OF THE FISCAL SERVICE › PART 356—SALE AND ISSUE OF MARKETABLE BOOK-ENTRY TREASURY BILLS, NOTES, AND BONDS (DEPARTMENT OF THE TREASURY CIRCULAR, FISCAL SERVICE SERIES NO. 1-93) › Subpart C—Determination of Auction Awards; Settlement

31 C.F.R. § 356.23

How are the auction results announced?

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(a) After the conclusion of the auction, we will make the auction results available on our website.

(b) The auction results may include such information as:

(1) The amounts of bids we recognized and awarded;

(2) The range of awarded yields, discount rates, or discount margins.

(3) The proration percentage;

(4) The interest rate for a note or bond;

(5) A breakdown of the amounts of noncompetitive and competitive bids we recognized from, and awarded to, the public;

(6) The amounts of bids recognized from and awarded to the Federal Reserve Banks for their own accounts;

(7) The bid-to-cover ratio; and

(8) Other information that we may decide to include.

[69 FR 45202, July 28, 2004, as amended at 74 FR 26086, June 1, 2009; 78 FR 46430, July 31, 2013; 87 FR 40440, July 7, 2022; 91 FR 65459, Oct. 15, 2026]