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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 17, 2012

For release at 12:00 p.m. EDT

On July 16, 2012, the Federal Reserve conducted an auction of $3 billion in 28-day term deposits through its Term Deposit Facility.  Following are the results of the auction:

 

TDF Auction ID: A25
Competitive Amount Offered:           $3,000,000,000
Competitive Amount Tendered: $8,339,500,000
Competitive Amount Awarded:         $3,000,000,000
Non-Competitive Amount Awarded: $40,100,000
Total Amount Awarded:        $3,040,100,000
   
Stop-Out Rate: 0.25500 percent
Bid-to-Cover Ratio (Competitive Auction): 2.78
   
Number of Bids Submitted:   43
Number of Participants Submitting Bids: 22

 

Bids at the stop-out rate were pro-rated at 96.66 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 19, 2012, and will mature on August 16, 2012. The stop-out rate shown above will apply to all awarded deposits.

 
Last update: July 17, 2012