stop-out

The stop-out rate represents the highest bid rate needed to cover the total offer amount, and all accepted bids were awarded at that level.

Fed Auctions Credit Below Main Rate 2008

The stop-out rate -- the lowest accepted fee rate for which bids were accepted at the auction -- of 0.25% was exactly in line with the minimum fee rate set by the New York Federal Reserve Bank.

Banks Hold Steady in 2008

The auction's stop-out rate -- the lowest accepted fee rate for which bids were accepted at the auction -- was 3%, above the 0.25% minimum fee that was set in advance, and the highest seen since the Fed first launched the Term Securities Lending Facility in March.

Investors Rush to Safety, Seek Short-Term Debt 2008

The interest rate on the facility is known as the stop-out rate.

Fed Auctions Credit Below Main Rate 2008

The stop-out rate - the lowest accepted fee rate for which bids were accepted at the auction - of 0.10% was exactly in line with the minimum fee rate set by the New York Fed.

Banks Continue Discount Borrowing 2008

The previous TSLF auction accepting a broad range of mortgage collateral had a stop-out rate of 0.25%, also in line with the rate set by the Fed, and a bid-to-cover ratio of 0.79.

Banks Hold Steady in 2008

The stop-out rate -- the lowest accepted fee rate for which bids were accepted at the auction -- of 0.25% was exactly in line with the minimum fee rate.

Commercial Banks 2008

The auction's stop-out rate was 2.50%, also well above the 0.25% minimum fee.

Investors Rush to Safety, Seek Short-Term Debt 2008

Funds were awarded at the stop-out rate of 2.82%, compared with 2.615% at the March 25 auction.

Citi Nears Deal to Sell 2008

The final rate granted to all banks -- the stop-out rate of 4.65% -- is the highest bid needed to cover the total offer amount.

Fed Auction Draws Strong Interest 2007