Dutch Auction

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Auction No	68 held on 11/8/2006
Total Amount Offered	US$ 150,000,000.00
Total Amount Demanded	US$ 0.00
Total Amount Sold	US$ 240,792,015.85
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	22
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Auction No	67 held on 11/6/2006
Total Amount Offered	US$ 200,000,000.00
Total Amount Demanded	US$ 200,000,000.00
Total Amount Sold	US$ 289,430,621.50
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	22
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Auction No	66 held on 11/1/2006
Total Amount Offered	US$ 200,000,000.00
Total Amount Demanded	US$ 0.00
Total Amount Sold	US$ 332,978,770.00
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	22
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Auction No	65 held on 10/30/2006
Total Amount Offered	US$ 80,000,000.00
Total Amount Demanded	US$ 0.00
Total Amount Sold	US$ 141,500,000.00
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	23
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Auction No	64 held on 10/25/2006
Total Amount Offered	US$ 120,000,000.00
Total Amount Demanded	US$ 0.00
Total Amount Sold	US$ 155,000,000.00
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	21
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Auction No	63 held on 10/18/2006
Total Amount Offered	US$ 80,000,000.00
Total Amount Demanded	US$ 0.00
Total Amount Sold	US$ 161,077,740.92
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	19
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Auction No	62 held on 10/16/2006
Total Amount Offered	US$ 80,000,000.00
Total Amount Demanded	US$ 80,000,000.00
Total Amount Sold	US$ 122,024,273.36
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	20
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Auction No	61 held on 10/11/2006
Total Amount Offered	US$ 80,000,000.00
Total Amount Demanded	US$ 0.00
Total Amount Sold	US$ 85,414,278.62
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	60 held on 10/9/2006
Total Amount Offered	US$ 80,000,000.00
Total Amount Demanded	US$ 80,000,000.00
Total Amount Sold	US$ 112,832,536.93
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	16
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Auction No	59 held on 10/4/2006
Total Amount Offered	US$ 100,000,000.00
Total Amount Demanded	US$ 100,000,000.00
Total Amount Sold	US$ 115,544,642.41
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	20
Link	DOWNLOAD DETAILS OF THIS AUCTION

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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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