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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: July 13, 2010

For release at 12:00 p.m. EDT

On July 12, 2010, the Federal Reserve conducted an auction of $2 billion in 84-day term deposits through its Term Deposit Facility. Following are the results of the auction: 

TDF Auction ID: A13
Competitive Amount Offered:           $   2,000,000,000
Competitive Amount Tendered: $   7,398,650,000
Competitive Amount Awarded:         $   2,000,000,000
Non-Competitive Amount Awarded: $      119,100,000
Total Amount Awarded:        $   2,119,100,000
   
Stop-Out Rate: 0.31000 percent
Bid-to-Cover Ratio (Competitive Auction): 3.70
   
Number of Bids Submitted:   143
Number of Participants Submitting Bids: 94

 

    

 

  

 

 


Bids at the stop-out rate were pro-rated at 1.96 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 July 15, 2010, and will mature on October 7, 2010. The stop-out rate shown above will apply to all awarded deposits.

 

 
Last update: July 13, 2010