November 30, 2010
Federal Reserve announces results of auction of $5 billion in 28-day term deposits held on November 29, 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.