Press Release
![Federal Reserve Press Release](https://webarchive.library.unt.edu/eot2008/20090117005016im_/http://www.federalreserve.gov/gifjpg/PRimage.gif)
Release Date: January 13, 2009
For release at 10:00 a.m. EST
On January 12, 2009, the Federal Reserve conducted an auction of $150 billion in 28-day credit through its Term Auction Facility. Following are the results of the auction:
Stop-out rate: | 0.250 percent |
Total propositions submitted: | $107.747 billion |
Total propositions accepted: | $107.747 billion |
Bid/cover ratio: | 0.72 |
Number of bidders: | 97 |
The awarded loans will settle on January 15, 2009, and will mature on February 12, 2009. The stop-out rate shown above will apply to all awarded loans.
Institutions that submitted winning bids will be contacted by their respective Reserve Banks by 11:30 a.m. EST on January 13, 2009. Participants have until 12:30 p.m. EST on January 13, 2009, to inform their local Reserve Bank of any error.
Last update:
January 13, 2009