December 21, 2007

Federal Reserve intends to continue TAF auctions as necessary

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