Gary Siegel

The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.055% high yield, a price of 99.995722.

The shadow banking system contributed greatly to the economic downturn and needs to be regulated, Federal Reserve Board Governor Daniel Tarullo said Tuesday.

The Treasury Department said Monday it will sell $30 billion of four-week discount bills on Tuesday.

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.085% high rate, up from 0.075% the previous week, and the six-months incurred a 0.140% high rate, up from 0.130%.

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.085% high rate, up from 0.075% the prior week, and the six-months incurred a 0.140% high rate, up from 0.130% the week before.

The Treasury Department said Monday it will sell $30 billion of four-week discount bills Tuesday.

Participants see GDP growing slightly more than they did six months ago, predicting 2.2% growth through the second quarter of this year and 2.6% in the second half of the year, each 0.1-percentage point better than the previous survey, according to the June Livingston Survey, released by the Federal Reserve Bank of Philadelphia Thursday.

The European strife “poses significant risks” to the United States and the Fed is watching and is ready to act if needed, Federal Reserve Board chairman Ben Bernanke testified to Congress Thursday.

Consumer credit increased by $6.5 billion, or 3.1%, in April to $2.550.9 trillion, the Federal Reserve reported Thursday.

Federal Reserve Bank of Minneapolis President Narayana Kocherlakota today echoed his statements from two earlier speeches, May 10 and May 23, dealing with transparency and calling for the Fed to offer “scenario analyses” to show how monetary policy would react in certain situations.

The Treasury Department said it will auction $32 billion three-year notes on Tuesday, June 12.

The Treasury Department said it will auction $21 billion 9-year, 11-month notes on Wednesday, June 13.

The Treasury Department said it will auction $13 billion 29-year, 11-month notes on Thursday, June 14.

The Treasury Department said Thursday it will auction $30 billion 91-day bills and $27 billion 182-day discount bills Monday.

Participants see GDP growing slightly more than they did six months ago, predicting 2.2% growth through the second quarter of this year and 2.6% in the second half of the year, each 0.1-percentage point better than the previous survey, according to the June Livingston Survey, released by the Federal Reserve Bank of Philadelphia Thursday.

The European strife “poses significant risks” to our country and the Fed is watching and is ready to act if needed, Federal Reserve Board Chairman Ben Bernanke testified to Congress Thursday.

The European Central Bank announced its Governing Council held interest rates at its latest monetary policy meeting Wednesday.

Economic activity expanded moderately at most Federal Reserve districts from early April to late May, with only Philadelphia reporting a slowing, according to the Beige Book released on Wednesday.

Monetary policy must remain highly accommodative, and the Fed must be ready “to do even more if needed,” Federal Reserve Bank of San Francisco President John Williams said Wednesday.

Newly issued Treasury securities held in stripped form decreased about $1.204 billion in May to a total of $196.396 billion, the Bureau of the Public Debt reported Wednesday.