January 15, 2013
Federal Reserve announces results of auction of $3 billion in 28-day term deposits held on January 14, 2013
For release at 12:00 p.m. EST
On January 14, 2013, 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: | A28 |
| Competitive Amount Offered: | $3,000,000,000 |
| Competitive Amount Tendered: | $5,680,000,000 |
| Competitive Amount Awarded: | $3,000,000,000 |
| Non-Competitive Amount Awarded: | $36,010,000 |
| Total Amount Awarded: | $3,036,010,000 |
| Stop-Out Rate: | 0.26000 percent |
| Bid-to-Cover Ratio (Competitive Auction): | 1.89 |
| Number of Bids Submitted: | 32 |
| Number of Participants Submitting Bids: | 20 |
Bids at the stop-out rate were pro-rated at 45.575 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 January 17, 2013, and will mature on February 14, 2013. The stop-out rate shown above will apply to all awarded deposits.