TAAPS®
TAAPS is an application for the exclusive use of financial institutions that provides direct access to U.S. Treasury auctions. This system electronically receives and processes tenders sent into U.S. Treasury auctions. It allows institutions to purchase marketable securities directly and reduce or eliminate intermediary costs, bringing direct bidding to your desktop.
To submit through TAAPS:
- Access the TAAPS website using a standard Internet connection.
- Enter your user ID and password (secured by a Secure Socket Layer [SSL] with 128 bit encryption).
- Complete and submit an electronic tender.
- If the tender is accepted, we will debit and deliver the awarded securities to the Federal Reserve funds and securities account of either the institution or a custodian.
How to Participate
Institutions must complete and submit the following forms:
- Submitter Agreement
- If you do not have both a securities and funds account in the Federal Reserve system, your institution must also complete an Autocharge Agreement.
Mail the completed forms to:
The Federal Reserve Bank of New York
Attention: Treasury Auction Staff
33 Liberty Street – 9th Floor
New York, NY 10045
All financial institutions that participate directly in Treasury auctions must abide by the Auction Rules for the Sale and Issue of Marketable Book-Entry Treasury Bills, Notes, and Bonds (31 CFR Part 356, as amended) set forth in the Uniform Offering Circular.
Contact Us
E-mail us your comments, questions, and concerns. You may also call the Treasury Auction Processing Center at 202-504-3550 between 8:00 a.m. and 5:00 p.m. ET Monday through Friday.
