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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: December 21, 2007

For immediate release

The Federal Reserve intends to conduct biweekly Term Auction Facility (TAF) auctions for as long as necessary to address elevated pressures in short-term funding markets. The Board of Governors will announce the sizes of the January 14 and January 28 TAF auctions at noon on January 4.

Last update: December 21, 2007