November 06, 2012
Federal Reserve announces results of auction of $3 billion in 28-day term deposits held on November 5, 2012
For release at 12:00 p.m. EST
On November 5, 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: | A27 |
Competitive Amount Offered: | $3,000,000,000 |
Competitive Amount Tendered: | $4,166,000,000 |
Competitive Amount Awarded: | $3,000,010,000 |
Non-Competitive Amount Awarded: | $43,100,000 |
Total Amount Awarded: | $3,043,110,000 |
Stop-Out Rate: | 0.26000 percent |
Bid-to-Cover Ratio (Competitive Auction): | 1.39 |
Number of Bids Submitted: | 36 |
Number of Participants Submitting Bids: | 24 |
Bids at the stop-out rate were pro-rated at 63.54 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 November 8, 2012, and will mature on December 6, 2012. The stop-out rate shown above will apply to all awarded deposits.