skip to main navigation skip to secondary navigation skip to content
Board of Governors of the Federal Reserve System
skip to content

Press Release

Federal Reserve Press Release

Release Date: June 15, 2010

For release at 12:00 p.m. EDT

On June 14, 2010, the Federal Reserve conducted an auction of $1 billion in 14-day term deposits through its Term Deposit Facility. Following are the results of the auction:

TDF Auction ID: A11
Competitive Amount Offered: $   1,000,000,000
Competitive Amount Tendered: $   6,138,150,000
Competitive Amount Awarded: $   1,000,000,000
Non-Competitive Amount Awarded: $      152,450,000
Total Amount Awarded: $   1,152,450,000
   
Stop-Out Rate: 0.27000 percent
Bid-to-Cover Ratio (Competitive Auction): 6.14
   
Number of Bids Submitted: 194
Number of Participants Submitting Bids: 109

Bids at the stop-out rate were pro-rated at 24.00 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 June 17, 2010, and will mature on July 1, 2010. The stop-out rate shown above will apply to all awarded deposits.

 
Last update: June 15, 2010