Finally, many newspapers report auction schedules. We do not put any auction dates on our web site until they have been officially announced , which is about seven to 10 days before the auction. However, every February, May, August and November, we put out a three-month calendar with tentative auction dates . These tentative dates can change, but seldom do. What we have on our website is the general pattern showing when auctions are held.
Information is available by type of security and by month .
Once the Department of the Treasury announces an auction, investors are invited to submit bids. Depending on the type of bid, you can submit your offer over the Internet, by phone, or by a paper form called a tender. The investor agrees to accept a rate determined by the auction, and in return is guaranteed a security. Most individual investors choose this type of bid, which can be made over the Internet, by phone, or by tender. If his bid falls within the range accepted at auction, the investor will be awarded the security.