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Treasury Bills: FAQs

This article tries to answer the most commonly asked questions about U.S. Treasury bills:

What are the maturity terms for Treasury bills?
  • Will I receive semiannual interest payments if I own a Treasury bill?
  • Can I buy any Treasury bill directly from the Treasury?
  • How do I know when bills will be auctioned?
  • Do you still issue bills in paper form?
  • How can I place a competitive bid for a bill?
  • How do I transfer a Treasury bill from Legacy Treasury Direct to TreasuryDirect?
    • Tentative Auction Calendar, which shows auction dates months in advance, or "Upcoming Treasury Marketable Securities Auctions," which shows auctions that we have officially scheduled. (Auctions are officially scheduled only days before they are conducted.)

    Also, you can sign up for e-mail notification of auctions.

    Open an account in TreasuryDirect. (If you already have an account, you may skip this step.) NOTE: At this time, only individuals can hold accounts in TreasuryDirect.
  • Complete the Legacy Treasury Direct form "Security Transfer Request" (PD F 5179). In the form's section 3, check the box for "Transfer to an Established On-line TreasuryDirect Account Number." (Download or order the form.) Your signature on this form must be certified. Your bank may provide this service.
  • Mail the form to the Bureau of the Public Debt, at the address shown on the form.

    • Return to Banking

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