October 05, 2010
Federal Reserve announces results of auction of $5 billion in 28-day term deposits held on October 4, 2010
For release at 12:00 p.m. EDT
On October 4, 2010, the Federal Reserve conducted an auction of $5 billion in 28-day term deposits through its Term Deposit Facility. Following are the results of the auction:
|TDF Auction ID:||A14|
|Competitive Amount Offered:||$5,000,000,000|
|Competitive Amount Tendered:||$13,608,290,000|
|Competitive Amount Awarded:||$5,000,000,000|
|Non-Competitive Amount Awarded:||$113,410,000|
|Total Amount Awarded:||$5,113,410,000|
|Stop-Out Rate:||0.26900 percent|
|Number of Bids Submitted:||108|
|Number of Participants Submitting Bids:||74|
Bids at the stop-out rate were pro-rated at 28.00 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 October 7, 2010, and will mature on November 4, 2010. The stop-out rate shown above will apply to all awarded deposits.