June 15, 2010
Federal Reserve announces results of auction of $1 billion in 14-day term deposits held on June 14, 2010
For release at 1:00 p.m. EDT
On June 14, 2010, the Federal Reserve conducted an auction of $1 billion in 14-day term deposits through its Term Deposit Facility. Following are the results of the auction:
| TDF Auction ID: | A11 |
| Competitive Amount Offered: | $ 1,000,000,000 |
| Competitive Amount Tendered: | $ 6,138,150,000 |
| Competitive Amount Awarded: | $ 1,000,000,000 |
| Non-Competitive Amount Awarded: | $ 152,450,000 |
| Total Amount Awarded: | $ 1,152,450,000 |
| Stop-Out Rate: | 0.27000 percent |
| Bid-to-Cover Ratio (Competitive Auction): | 6.14 |
| Number of Bids Submitted: | 194 |
| Number of Participants Submitting Bids: | 109 |
Bids at the stop-out rate were pro-rated at 24.00 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 June 17, 2010, and will mature on July 1, 2010. The stop-out rate shown above will apply to all awarded deposits.