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| Term Securities Lending Facility
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The Term Securities Lending Facility is a 28-day lending facility that offers Treasury general collateral
to the Federal Reserve Bank of New York’s primary dealers in exchange for other program-eligible collateral.
It is intended to promote liquidity in the financing markets for Treasury and other collateral and thus foster
the functioning of financial markets more generally. |
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Collateral |
Par
Submitted 4 |
Par
Accepted 5 |
Bid-to-
Cover 6 |
Stop-out
Rate 7 |
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Treasury GC Schedule 2
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26,650 |
26,650 |
0.53 |
0.2500 |
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Treasury General Collateral
Basket |
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Security Description |
Amount Available for Loan 3 |
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T 04.750 12/31/08 |
4,617 |
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T 04.750 02/28/09 |
4,835 |
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T 04.000 08/31/09 |
3,080 |
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T 06.500 02/15/10 |
4,701 |
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T 04.625 10/31/11 |
2,047 |
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T 04.750 01/31/12 |
1,882 |
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T 04.500 03/31/12 |
2,155 |
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T 03.500 05/31/13 |
1,294 |
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T 04.250 11/15/13 |
1,757 |
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T 09.250 02/15/16 |
942 |
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T 04.250 11/15/17 |
6,474 |
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T 08.750 08/15/20 |
2,439 |
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T 06.750 08/15/26 |
1,664 |
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T 06.375 08/15/27 |
1,490 |
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T 05.500 08/15/28 |
1,715 |
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T 05.250 02/15/29 |
1,470 |
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T 06.250 05/15/30 |
2,024 |
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T 05.375 02/15/31 |
1,223 |
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TII 00.875 04/15/10 |
1,213 |
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TII 03.500 01/15/11 |
493 |
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TII 03.625 04/15/28 |
2,487 |
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*All par amounts in millions of dollars unless otherwise stated.
1 For more information please refer to TSLF Program
Terms and Conditions
2 A listing of eligible collateral for each auction type is available under Terms and Conditions.
3 Amounts are rounded to the nearest million.
4 "Par Submitted" represents the total par amount of propositions received.
5 "Par Accepted" represents the total par amount lent.
6 "Bid-to-Cover" represents the ratio of "Par Submitted" to the offering amount.
7 "Stop-out Rate" represents the lowest accepted fee rate for which accepted propositions are awarded.
The lending fee can be thought of as approximately equivalent to the spread between the Treasury general
collateral rate and the general collateral rate for the pledged collateral over the term of the loan.
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