July 8, 2010


Justin Schack


Joe Gawronski

President and COO

Rosenblatt Securities Inc.
New York +1 212 607 3100
Dublin +353 1 855 9125

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Fed Sells $1.15 Billion of Term Deposits in Auction

The Federal Reserve said it sold $1.15 billion in deposits in the first test of a credit- tightening tool it may use to drain a near-record amount of cash from the banking system. 

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