Press Release

October 21, 2008 Federal Reserve announces results of auction of $150 billion in 28-day credit held on October 20, 2008 For release at 10:00 a.m. EDT Share On October 20, 2008, the Federal Reserve conducted an auction of $150 billion in 28-day credit through its Term Auction Facility. Following are the results of the auction: The awarded loans will settle on October 23, 2008, and will mature on November 20, 2008. The stop-out rate shown above will apply to all awarded loans. Institutions that submitted winning bids will be contacted by their respective Reserve Banks by 11:30 a.m. EDT on October 21, 2008. Participants have until 12:30 p.m. EDT on October 21, 2008, to inform their local Reserve Bank of any error.

Federal Reserve (2008, October 20). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20081021_federal_reserve_announces_results_of_auction_of

@misc{wtfs_press_release_20081021_federal_reserve_announces_results_of_auction_of,
  author = {Federal Reserve},
  title = {Press Release},
  year = {2008},
  month = {Oct},
  howpublished = {Press Releases, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/press_release_20081021_federal_reserve_announces_results_of_auction_of},
  note = {Retrieved via When the Fed Speaks corpus}
}