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: October 5, 2010

For release at 12:00 p.m. EDT

On October 4, 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: A14
Competitive Amount Offered:           $5,000,000,000
Competitive Amount Tendered: $13,608,290,000
Competitive Amount Awarded:         $5,000,000,000
Non-Competitive Amount Awarded: $113,410,000
Total Amount Awarded:        $5,113,410,000
   
Stop-Out Rate: 0.26900 percent
Bid-to-Cover Ratio: 2.72
   
Number of Bids Submitted:   108
Number of Participants Submitting Bids: 74

Bids at the stop-out rate were pro-rated at 28.00 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 October 7, 2010, and will mature on November 4, 2010. The stop-out rate shown above will apply to all awarded deposits.

 
Last update: October 5, 2010