Monday, April 4, 2011

Australian Banks' Usage of the U.S. TAF (Term Auction Facility)

The recent data dump (see below) contained data from Nov 3, 2008 to May 4, 2009

THE HEADERS ARE AS FOLLOWS

For the short lines:
ABA DISTRICT BANK_NAME AWARD_AMOUNT($MM) COUNTRY

For the long lines:
AUCTION_DATE ANNOUNCE_DATE AUCTION_QUANTITY SETTLEMENT_DATE MATURITY_DATE AWARD_RATE ABA BANK_NAME AWARD_AMOUNT($MM) COUNTRY

(Sorry for the mess, this literally is a data dump of emails and PDF snapshots of XLS attachments.)

The best way to read this is date, bank name, second to last column as millions of dollars. So the first line shows that on November 3 the National Australia Bank won an auction for $1.5 billion.

Auction Date 11/3/2008
11/3/2008 11/3/2008 $150,000 11/6/2008 1/29/2009 0.600 026007728 2 NATIONAL AUSTRALIA BK NY BR 1500 AUSTRALIA

Auction Date 1/26/2009
1/26/2009 1/26/2009 $150,000 1/29/2009 4/23/2009 0.250 026007728 2 NATIONAL AUSTRALIA BK NY BR 1500 AUSTRALIA

Auction Date 4/20/2009
026007728 2 NATIONAL AUSTRALIA BK NY BR 1500 AUSTRALIA

This data was released in accord with the Dodd-Frank Act. You can find the original (20,000 pages of) Discount Window Documents here

For more about TAF and the Discount Window try this: [PDF] TERM AUCTION FACILITY (TAF) – A KINDER, GENTLER DISCOUNT WINDOW

The TAF facility was closed on March of 2010. The is the only document I could find in the dump so this list is possibly missing borrowing by Australia. If you know of others, please let me know and I'll add it in.

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