November 15, 2011
Federal Reserve announces results of auction of $5 billion in 28-day term deposits held on November 14, 2011
For release at 12:00 p.m. EST
On November 14, 2011, 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: | A21 |
| Competitive Amount Offered: | $5,000,000,000 |
| Competitive Amount Tendered: | $11,093,740,000 |
| Competitive Amount Awarded: | $5,000,000,000 |
| Non-Competitive Amount Awarded: | $55,100,000 |
| Total Amount Awarded: | $5,055,100,000 |
| Stop-Out Rate: | 0.26300 percent |
| Bid-to-Cover Ratio (Competitive Auction): | 2.22 |
| Number of Bids Submitted: | 53 |
| Number of Participants Submitting Bids: | 34 |
Bids at the stop-out rate were pro-rated at 85.75 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 November 17, 2011, and will mature on December 15, 2011. The stop-out rate shown above will apply to all awarded deposits.