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Article: FEDERAL RESERVE ANNOUNCES RESULTS OF AUCTION OF $20 BILLION IN 35-DAY CREDIT HELD ON DEC. 20

Article from:
US Fed News Service, Including US State News
Article date:
December 21, 2007
Copyright

The Federal Reserve Bank issued the following news release:

On December 20, 2007, the Federal Reserve conducted an auction of $20 billion in 35-day credit through its Term Auction Facility. Following are the results of the auction:

Stop-out rate: 4.67 percent Total propositions submitted: $57.664 billion

Total propositions accepted: $20.000 billion

Bid/cover ratio: 2.88 Number of bidders: 73

Bids at the stop-out rate were prorated at 73.40% and resulting awards were ...

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