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Federal Reserve announces results of auction of $3 billion in 28-day term deposits held on November 5, 2012


On November 5, 2012, 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: A27
Competitive Amount Offered: $3,000,000,000
Competitive Amount Tendered: $4,166,000,000
Competitive Amount Awarded: $3,000,010,000
Non-Competitive Amount Awarded: $43,100,000
Total Amount Awarded: $3,043,110,000
Stop-Out Rate: 0.26000 percent
Bid-to-Cover Ratio (Competitive Auction): 1.39
Number of Bids Submitted: 36
Number of Participants Submitting Bids: 24







Bids at the stop-out rate were pro-rated at 63.54 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 8, 2012, and will mature on December 6, 2012. The stop-out rate shown above will apply to all awarded deposits.

Last update: November 6, 2012
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