The Treasury Department Tuesday auctioned $30 billion of four-week bills at a zero high yield and a price of par.

The coupon equivalent was zero. The bid-to-cover ratio was 6.16. Tenders at the high rate were allotted 27.28%. Tenders totaled $184,970,812,500 and the Treasury accepted $30,010,447,100, including $225,911,500 of noncompetitive.

The bills have an issue date of Sept. 22 and are due Oct. 20.

The Federal Reserve banks bought $5,937,991,000 for their own account in exchange for maturing securities.

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