Board Announces Amounts of TAF Credit Offered at Two September Auctions Reduced to $75 Billion - Circulars

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Circular

Board Announces Amounts of TAF Credit Offered at Two September Auctions Reduced to $75 Billion

August 28, 2009

Circular No. 12134

The Federal Reserve has 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.

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