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Dutch Auction

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Auction No88 held on 11/19/2008
Total Amount OfferedUS$ 200,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 813,313,095.97
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks20
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Auction No87 held on 11/17/2008
Total Amount OfferedUS$ 200,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 825,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks21
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Auction No86 held on 11/12/2008
Total Amount OfferedUS$ 250,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 422,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks17
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Auction No85 held on 11/10/2008
Total Amount OfferedUS$ 70,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 502,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks16
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Auction No84 held on 11/5/2008
Total Amount OfferedUS$ 70,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 66,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks8
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Auction No83 held on 11/3/2008
Total Amount OfferedUS$ 70,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 107,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks12
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Auction No82 held on 10/29/2008
Total Amount OfferedUS$ 60,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 335,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks16
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Auction No81 held on 10/27/2008
Total Amount OfferedUS$ 60,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 892,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks19
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Auction No80 held on 10/22/2008
Total Amount OfferedUS$ 60,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 523,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks22
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Auction No79 held on 10/20/2008
Total Amount OfferedUS$ 60,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 348,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks22
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Facts : 7/1/1959
BOARD OF DIRECTORS:The Management of the CBN is placed under a Board of Directors which is responsible for the Policy and General administration of the Affairs and Business of the Bank.Under the original statute,the Board was composed of the Governor as Chairman,a Deputy Governor and Five other Directors all of whom were appointed by the Federal Government.
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