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: July 28, 2009

For release at 10:00 a.m. EDT

On July 27, 2009, the Federal Reserve conducted an auction of $125 billion in 28-day credit through its Term Auction Facility. Following are the results of the auction:

Stop-out rate: 0.250 percent
     
Total propositions submitted: $82.375 billion
Total propositions accepted: $82.375 billion
Bid/cover ratio: 0.66
     
Number of bidders: 103

The awarded loans will settle on July 30, 2009, and will mature on August 27, 2009. The stop-out rate shown above will apply to all awarded loans.

Institutions that submitted winning bids will be contacted by their respective Reserve Banks by 11:30 a.m. EDT on July 28, 2009. Participants have until 12:30 p.m. EDT on July 28, 2009, to inform their local Reserve Bank of any error.

 
Last update: July 28, 2009