Press Release

March 10, 2009 Federal Reserve announces revised results of auction of $150 billion in 28-day credit held on March 9, 2009 For immediate release Share (Note: This release supersedes the release of 10 a.m. EDT March 10, 2009. The figures in the previous release for total propositions submitted, total propositions accepted and the bid/cover ratio have been revised to correct a processing error.) On March 9, 2009, 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 March 12, 2009, and will mature on April 9, 2009. 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 March 10, 2009. Participants have until 12:30 p.m. EDT on March 10, 2009, to inform their local Reserve Bank of any error.

Federal Reserve (2009, March 9). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20090310_federal_reserve_announces_revised_results_of

@misc{wtfs_press_release_20090310_federal_reserve_announces_revised_results_of,
  author = {Federal Reserve},
  title = {Press Release},
  year = {2009},
  month = {Mar},
  howpublished = {Press Releases, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/press_release_20090310_federal_reserve_announces_revised_results_of},
  note = {Retrieved via When the Fed Speaks corpus}
}