August 28, 2009
Federal Reserve announces amounts of Term Auction Facility (TAF) credit offered at September auctions will be reduced to $75 billion
For release at 10:00 a.m. EDT
The Federal Reserve on Friday announced that the amounts of Term Auction Facility (TAF) credit offered at each of the two auctions in September will be reduced to $75 billion from $100 billion in August. Specifically, the Federal Reserve will offer $75 billion of 84-day credit on Tuesday, September 8, and $75 billion of 28-day credit on Monday, September 21.