Fed Auctions $25B | Clipmarks


	Fed Auctions $25B

sahara

4-29-2008 11:48 AM

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finance, economy, money

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/36a11e66-c39b-4ee7-bb07-ad259080271e/BF7025E9-F893-4B5A-9036-A1E1D54F5834/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://money.cnn.com/2008/04/17/news/economy/Fed_auction.ap/index.htm?iref=werecommend" href="http://money.cnn.com/2008/04/17/news/economy/Fed_auction.ap/index.htm?iref=werecommend" style="font-size: 11px;">money.cnn.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://money.cnn.com/2008/04/17/news/economy/Fed_auction.ap/index.htm?iref=werecommend">The Federal Reserve has auctioned nearly $25 billion in super-safe Treasury securities to big investment firms, part of an ongoing effort to relieve credit strains.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://money.cnn.com/2008/04/17/news/economy/Fed_auction.ap/index.htm?iref=werecommend">The auction - the fourth of its kind - was held Thursday, where the Fed auctioned another $24.999 billion in the securities. Bidders paid an interest rate of 0.1%. The Fed received bids of $35.1 billion worth of the securities.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://money.cnn.com/2008/04/17/news/economy/Fed_auction.ap/index.htm?iref=werecommend">In exchange for the 28-day loan of Treasury securities, bidding firms can put up more risky investments, including certain shunned mortgage-backed securities, as collateral.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://money.cnn.com/2008/04/17/news/economy/Fed_auction.ap/index.htm?iref=werecommend">In the four auctions held so far, the Fed has provided close to $158.95 billion worth of the Treasury securities to financial firms.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://money.cnn.com/2008/04/17/news/economy/Fed_auction.ap/index.htm?iref=werecommend"><P>Turmoil in financial markets, which erupted last August, has threatened to plunge the United States into a deep recession. <A href="#TOP"><IMG width="7" height="7" border="0" alt="To top of page" src="http://i.cdn.turner.com/money/images/bug.gif" /></A></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://money.cnn.com/2008/04/17/news/economy/Fed_auction.ap/index.htm?iref=werecommend"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/money.cnn.com/img/E137FFE5-DC75-4436-98B0-E7C2E6973233" alt="Tapping the Fed" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://money.cnn.com/2008/04/17/news/economy/Fed_auction.ap/index.htm?iref=werecommend"><DIV class="IEvideoHeadline"><A href="javascript:cnnVideo('play','/video/news/2008/04/04/news.harlow.040408.banks.cnnmoney');">Tapping the Fed</A><A href="javascript:cnnVideo('play','/video/news/2008/04/04/news.harlow.040408.banks.cnnmoney');"><IMG width="19" height="12" border="0" src="http://i.cdn.turner.com/money/.element/img/1.0/misc/icon_video.gif" alt="video" class="vicon" /></A></DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/BF7025E9-F893-4B5A-9036-A1E1D54F5834/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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