Release Date: July 13, 2010
For release at 12:00 p.m. EDT
On July 12, 2010, the Federal Reserve conducted an auction of $2 billion in 84-day term deposits through its Term Deposit Facility. Following are the results of the auction:
|TDF Auction ID:||A13|
|Competitive Amount Offered:||$ 2,000,000,000|
|Competitive Amount Tendered:||$ 7,398,650,000|
|Competitive Amount Awarded:||$ 2,000,000,000|
|Non-Competitive Amount Awarded:||$ 119,100,000|
|Total Amount Awarded:||$ 2,119,100,000|
|Stop-Out Rate:||0.31000 percent|
|Bid-to-Cover Ratio (Competitive Auction):||3.70|
|Number of Bids Submitted:||143|
|Number of Participants Submitting Bids:||94|
Bids at the stop-out rate were pro-rated at 1.96 percent. Resulting awards were rounded to the nearest $10,000 except that all awards below $10,000 were rounded up to $10,000.
The awarded deposits will settle on July 15, 2010, and will mature on October 7, 2010. The stop-out rate shown above will apply to all awarded deposits.