Drill bits are not universal. You choose the size of the drill bit according to the size of hole you like to make.
For a cut tap the correct drill size is a #17 drill, which has a diameter of .173 inches.
The recommended drill size for tapping threads with an M3 tap is 2.5mm.
The size of the drill bit you should use for your project depends on the size of the hole you need to drill. Check the project specifications or use a drill bit sizing guide to determine the appropriate size for the job.
That size is 8-32. The drill bit for a clearance hole is 11/64, or a #17 drill bit.
You are not expressing the size correctly. -There is NO 054. -If you mean 0.054 of an inch, then the nearest drill size is a #54 drill, which is 1.397 mm thick.
The recommended drill size for a 12 screw is 5/32 inches.
The recommended drill size for a 0-80 tap is 56.
The standard size of a 6mm drill bit is 6 millimeters in diameter.
The recommended drill size for a 6 screw is 7/64 inch.
A 6mm drill bit can drill a hole that is approximately 15/64 inches in size.
By drill code number, SAE size, metric size.