Discount Note Auctions

The Federal Home Loan Banks auction discount notes in selected maturities twice per week (Tuesdays and Thursdays). Typically, 4-, 8-, 13-, 17-, and 26-week maturities are auctioned, but this is contingent on Federal Home Loan Banks' demand for funding with these terms. The Federal Home Loan Banks may decide not to offer one or more of these maturities, or skip an auction entirely, if there is no need for these funds.

All-In Bids, Minimum Bid of $10 Million and Increments of $5 Million.

Stop = Highest All-In Discount Rate Accepted

MMY = Money Market Yield

% Accepted = Percent of Dealer Bid at Stop Accepted

Cover = Total Par Amount Bid / Issue Size

Dealer % = (Total Winning Bids Without Investors / Total Par Amount) * 100

For more information call 703-467-3648.