What is US Treasury Bill?

US Treasury Bill, also called T-Bill, is a marketable short term debt security issued by The US Department of the Treasury.

US Treasury Department used to issue T-Bills as physical papers. Today all T-Bills are issued electronically to your online accounts.

Both the paper version and the electronic version of a US T-Bill has the following features:

• It has an issue date and a maturity date, defining a short maturity term between 4 and 52 weeks.
• It has a fixed face value, also called par value, for example, $100,000.00.
• It has a CUSIP (Committee on Uniform Securities Identification Procedures) number to identify the series of T-Bills with the same security features. Older T-Bills do not have CUSIP numbers.
• It has a serial number to identify a single bond paper, if it is issued physically.

Here is a picture of a US Treasury Bill paper issued on October 9, 1969:

As you can see from the picture, this US Treasury Bill has:

• An issue date of October 9, 1969, and a maturity date of April 9, 1970, defining a maturity term of 26 weeks, about a half year.
• A fixed face value of $100,000.00, which can be redeemed as cash after the bill has matured.
• No CUSIP number.
• A serial number of 1017055A.

⇒ Recently Issued US Treasury Bills

⇐ Introduction of US Treasury Bills

⇑ Introduction of US Treasury Bills

⇑⇑ US Treasury Securities