The Federal Reserve Board is expected to announce the results of its $100 billion cash auction today.
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Loans made through the sale are to settle on Thursday and mature on Sept. 24. Each participant was required to place a $5 million minimum bid. Interest in the cash auctions, which were at the onset of the financial crisis in 2007, has waned.
A $100 billion sale on Aug. 10 attracted bids totaling $42.9 billion. A $125 billion auction held on July 27 garnered $82.4 billion in bids.
