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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: November 30, 2010

For release at 12:00 p.m. EST

On November 29, 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: A15
Competitive Amount Offered:           $   5,000,000,000
Competitive Amount Tendered: $ 14,664,090,000
Competitive Amount Awarded:         $   5,000,030,000
Non-Competitive Amount Awarded: $      113,260,000
Total Amount Awarded:        $   5,113,290,000
   
Stop-Out Rate: 0.26000 percent
Bid-to-Cover Ratio (Competitive Auction): 2.93
   
Number of Bids Submitted:   88
Number of Participants Submitting Bids: 62

 

Bids at the stop-out rate were pro-rated at 71.83 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 December 2, 2010, and will mature on December 30, 2010. The stop-out rate shown above will apply to all awarded deposits.

 
Last update: November 30, 2010