November 30, 2010
Federal Reserve announces results of auction of $5 billion in 28-day term deposits held on November 29, 2010
For release at 12:00 p.m. EST
On November 29, 2010, the Federal Reserve conducted an auction of $5 billion in 28-day term deposits through its Term Deposit Facility. Following are the results of the auction:
|TDF Auction ID:||A15|
|Competitive Amount Offered:||$ 5,000,000,000|
|Competitive Amount Tendered:||$ 14,664,090,000|
|Competitive Amount Awarded:||$ 5,000,030,000|
|Non-Competitive Amount Awarded:||$ 113,260,000|
|Total Amount Awarded:||$ 5,113,290,000|
|Stop-Out Rate:||0.26000 percent|
|Bid-to-Cover Ratio (Competitive Auction):||2.93|
|Number of Bids Submitted:||88|
|Number of Participants Submitting Bids:||62|
Bids at the stop-out rate were pro-rated at 71.83 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 December 2, 2010, and will mature on December 30, 2010. The stop-out rate shown above will apply to all awarded deposits.