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Treasury Auctions

The U.S. Treasury's Bureau of the Fiscal Service (Off-site) sells Treasury Bills, Notes and Treasury Inflation-Protected Securities at almost 300 auctions each year to raise the cash needed to operate the federal government and to refund maturing securities. Federal Reserve Banks assist in the auction by accepting and processing tenders, issuing securities to the successful bidders and serving financial institutions.

For more information about Treasury Auctions, visit TreasuryDirect's Auctions page (Off-site) or the New York Fed's FedPoints page (Off-site).

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