Federal Reserve to Conduct TAF Auctions as Necessary
December 21, 2007
Circular No. 11925

The Federal Reserve has announced its intentions 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.

Press release offsite
Term Auction Facility offsite