November 15, 2011

Federal Reserve announces results of auction of $5 billion in 28-day term deposits held on November 14, 2011

For release at 12:00 p.m. EST

On November 14, 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: A21
Competitive Amount Offered:           $5,000,000,000
Competitive Amount Tendered: $11,093,740,000
Competitive Amount Awarded:         $5,000,000,000
Non-Competitive Amount Awarded: $55,100,000
Total Amount Awarded:        $5,055,100,000
Stop-Out Rate: 0.26300 percent
Bid-to-Cover Ratio (Competitive Auction): 2.22
Number of Bids Submitted:   53
Number of Participants Submitting Bids: 34










Bids at the stop-out rate were pro-rated at 85.75 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 17, 2011, and will mature on December 15, 2011. The stop-out rate shown above will apply to all awarded deposits.

Last Update: November 15, 2011