Release Date: March 20, 2012
For release at 12:00 p.m. EDT
On March 19, 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: | A23 |
| Competitive Amount Offered: | $3,000,000,000 |
| Competitive Amount Tendered: | $11,408,260,000 |
| Competitive Amount Awarded: | $2,999,990,000 |
| Non-Competitive Amount Awarded: | $57,100,000 |
| Total Amount Awarded: | $3,057,090,000 |
| Stop-Out Rate: | 0.25500 percent |
| Bid-to-Cover Ratio (Competitive Auction): | 3.80 |
| Number of Bids Submitted: | 63 |
| Number of Participants Submitting Bids: | 36 |
Bids at the stop-out rate were pro-rated at 90.14 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 March 22, 2012, and will mature on April 19, 2012. The stop-out rate shown above will apply to all awarded deposits.
Hi, Neat post. There is an issue with your website in internet explorer, may check this… IE still is the marketplace chief and a large section of other people will leave out your magnificent writing due to this problem.
This website has a lot of extremely useful info on it! Cheers for helping me!
Bubby……call or e mail me…Dennis