Release Date: May 15, 2012
For release at 12:00 p.m. ET
On May 14, 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: | A24 |
| Competitive Amount Offered: | $3,000,000,000 |
| Competitive Amount Tendered: | $10,871,250,000 |
| Competitive Amount Awarded: | $3,000,010,000 |
| Non-Competitive Amount Awarded: | $53,250,000 |
| Total Amount Awarded: | $3,053,260,000 |
| Stop-Out Rate: | 0.25500 percent |
| Bid-to-Cover Ratio (Competitive Auction): | 3.62 |
| Number of Bids Submitted: | 51 |
| Number of Participants Submitting Bids: | 30 |
Bids at the stop-out rate were pro-rated at 31.92 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 May 17, 2012, and will mature on June 14, 2012. The stop-out rate shown above will apply to all awarded deposits.
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