Dutch Auction

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Auction No	92 held on 12/10/2007
Total Amount Offered	US$ 50,000,000.00
Total Amount Demanded	US$ 50,000,000.00
Total Amount Sold	US$ 16,000,000.00
Highest Successfull Bid Rate	US$ 0.00
Lowest Bid Rate	0.00
No. of Successful	0
No. of Unsuccessful	0
Marginal Bid	US$ 0.00
Number of Banks	17
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Auction No	91 held on 12/5/2007
Total Amount Offered	US$ 50,000,000.00
Total Amount Demanded	US$ 0.00
Total Amount Sold	US$ 13,000,000.00
Highest Successfull Bid Rate	US$ 0.00
Lowest Bid Rate	0.00
No. of Successful	0
No. of Unsuccessful	0
Marginal Bid	US$ 0.00
Number of Banks	11
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Auction No	90 held on 12/3/2007
Total Amount Offered	US$ 80,000,000.00
Total Amount Demanded	US$ 0.00
Total Amount Sold	US$ 8,500,000.00
Highest Successfull Bid Rate	US$ 0.00
Lowest Bid Rate	0.00
No. of Successful	0
No. of Unsuccessful	0
Marginal Bid	US$ 0.00
Number of Banks	12
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Auction No	89 held on 11/28/2007
Total Amount Offered	US$ 80,000,000.00
Total Amount Demanded	US$ 0.00
Total Amount Sold	US$ 51,460,000.00
Highest Successfull Bid Rate	US$ 0.00
Lowest Bid Rate	0.00
No. of Successful	0
No. of Unsuccessful	0
Marginal Bid	US$ 0.00
Number of Banks	14
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Auction No	88 held on 11/26/2007
Total Amount Offered	US$ 50,000,000.00
Total Amount Demanded	US$ 0.00
Total Amount Sold	US$ 113,072,550.57
Highest Successfull Bid Rate	US$ 0.00
Lowest Bid Rate	0.00
No. of Successful	0
No. of Unsuccessful	0
Marginal Bid	US$ 0.00
Number of Banks	15
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Auction No	87 held on 11/21/2007
Total Amount Offered	US$ 80,000,000.00
Total Amount Demanded	US$ 0.00
Total Amount Sold	US$ 65,000,000.00
Highest Successfull Bid Rate	US$ 0.00
Lowest Bid Rate	0.00
No. of Successful	0
No. of Unsuccessful	0
Marginal Bid	US$ 0.00
Number of Banks	12
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Auction No	86 held on 11/19/2007
Total Amount Offered	US$ 80,000,000.00
Total Amount Demanded	US$ 80,000,000.00
Total Amount Sold	US$ 69,300,000.00
Highest Successfull Bid Rate	US$ 0.00
Lowest Bid Rate	0.00
No. of Successful	0
No. of Unsuccessful	0
Marginal Bid	US$ 0.00
Number of Banks	15
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Auction No	85 held on 11/14/2007
Total Amount Offered	US$ 50,000,000.00
Total Amount Demanded	US$ 0.00
Total Amount Sold	US$ 71,000,000.00
Highest Successfull Bid Rate	US$ 0.00
Lowest Bid Rate	0.00
No. of Successful	0
No. of Unsuccessful	0
Marginal Bid	US$ 0.00
Number of Banks	12
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Auction No	84 held on 11/12/2007
Total Amount Offered	US$ 50,000,000.00
Total Amount Demanded	US$ 50,000,000.00
Total Amount Sold	US$ 0.00
Highest Successfull Bid Rate	US$ 0.00
Lowest Bid Rate	0.00
No. of Successful	0
No. of Unsuccessful	0
Marginal Bid	US$ 0.00
Number of Banks	7
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Auction No	83 held on 11/7/2007
Total Amount Offered	US$ 50,000,000.00
Total Amount Demanded	US$ 0.00
Total Amount Sold	US$ 7,500,000.00
Highest Successfull Bid Rate	US$ 0.00
Lowest Bid Rate	0.00
No. of Successful	0
No. of Unsuccessful	0
Marginal Bid	US$ 0.00
Number of Banks	9
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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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