Auction-Rate Securities.

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division.

Language:

English

Subjects (All):

Business cycles.

Finance--Law and legislation.

Finance.

Interest rates.

Securities.

Physical Description:

1 online resource (1 online resource (36 p), digital, PDF file)

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2010.

System Details:

text file

Summary:

This report is one in a series of updates. For the most recent coverage of this report series, please see 10-RL-34672a in the 2010 issue.

Provides information on auction-rate securities (ARSs), which combine longer maturities with interest rates linked to short-term money markets, and are used by municipalities, student loan providers, and other debt issuers to borrow funds. Describes structure of ARS market, the fall of ARS market and its impact on global financial markets, issues for Congress, and future prospects for ARS market.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Apr. 2014). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Government Division. Auction-Rate Securities

Access Restriction:

Restricted for use by site license.