Narrative:

We were on radar vectors for approach and the captain was flying. We were descending from either 7;000 or 6;000 ft down to to 5;000 ft which was assigned by ATC. All of the sudden I noticed out altitude indicator was blinking and as soon as I realized we had gone lower to about 4;700 ft and started telling the captain; ATC asked us what altitude we were descending to! I said '5;000 ft' and the captain immediately started a climb to 5;000 ft but I believe we went as low as 4;600 ft before correcting the error. Neither one of us was able to figure out why the airplane with auto pilot engaged during this deviation did not capture the pre-selected altitude.

Google
 

Original NASA ASRS Text

Title: CRJ900 First Officer reports descent below the MCP selected altitude with the autopilot engaged.

Narrative: We were on radar vectors for approach and the Captain was flying. We were descending from either 7;000 or 6;000 FT down to to 5;000 FT which was assigned by ATC. All of the sudden I noticed out altitude indicator was blinking and as soon as I realized we had gone lower to about 4;700 FT and started telling the Captain; ATC asked us what altitude we were descending to! I said '5;000 FT' and the Captain immediately started a climb to 5;000 FT but I believe we went as low as 4;600 FT before correcting the error. Neither one of us was able to figure out why the airplane with auto pilot engaged during this deviation did not capture the pre-selected altitude.

Data retrieved from NASA's ASRS site as of April 2012 and automatically converted to unabbreviated mixed upper/lowercase text. This report is for informational purposes with no guarantee of accuracy. See NASA's ASRS site for official report.