January 10, 2012
Federal Reserve announces results of auction of $3 billion in 28-day term deposits held on January 9, 2012
For release at 12:00 p.m. EST
On January 9, 2012, the Federal Reserve conducted an auction of $3 billion in 28-day term deposits through its Term Deposit Facility. Following are the results of the auction:
TDF Auction ID: | A22 |
Competitive Amount Offered: | $ 3,000,000,000 |
Competitive Amount Tendered: | $ 13,562,990,000 |
Competitive Amount Awarded: | $ 3,000,040,000 |
Non-Competitive Amount Awarded: | $ 78,600,000 |
Total Amount Awarded: | $ 3,078,640,000 |
Stop-Out Rate: | 0.26000 percent |
Bid-to-Cover Ratio (Competitive Auction): | 4.52 |
Number of Bids Submitted: | 66 |
Number of Participants Submitting Bids: | 46 |
Bids at the stop-out rate were pro-rated at 5.85 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 January 12, 2012, and will mature on February 9, 2012. The stop-out rate shown above will apply to all awarded deposits.