http://www.federalreserve.gov/newsevents/press/monetary/20081112a.htm Interest rate of 0.53% bid/cover ratio of 0.08!! Previous auctions: http://www.federalreserve.gov/monetarypolicy/20081104a.htm Interest rate of .6% bid/cover ratio of .93 http://www.federalreserve.gov/newsevents/press/monetary/20081021b.htm Interest rate of 1.11% --- It's very interesting that the Fed can't even give free money away anymore.