September 20, 2011

Federal Reserve announces results of auction of $5 billion in 28-day term deposits held on September 19, 2011

For release at 12:00 p.m. EDT

On September 19, 2011, 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: A20
Competitive Amount Offered:           $5,000,000,000
Competitive Amount Tendered: $12,057,990,000
Competitive Amount Awarded:         $5,000,000,000
Non-Competitive Amount Awarded: $77,050,000
Total Amount Awarded:        $5,077,050,000
Stop-Out Rate: 0.26500 percent
Bid-to-Cover Ratio (Competitive Auction): 2.41
Number of Bids Submitted:   62
Number of Participants Submitting Bids: 43


Bids at the stop-out rate were pro-rated at 17.50 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 September 22, 2011, and will mature on October 20, 2011. The stop-out rate shown above will apply to all awarded deposits.

Last Update: September 20, 2011