In the latest auction, the Fed says commercial banks paid an interest rate of 2.350 percent for the 28-day loans. There were 70 bidders. The Fed says it received bids for $90.56 billion worth of the loans.
Fed auctions another $75 billion
WASHINGTON The central bank on Tuesday released the results of its most
recent auction. It's part of an ongoing program started in December
that seeks to ease financial turmoil and credit stresses.
