July 01, 2008
Federal Reserve will offer $75 billion in 28-day credit through its Term Auction Facility on July 14 and 28, 2008
For release at 10:00 a.m. EDT
The Federal Reserve will conduct two auctions of 28-day credit through its Term Auction Facility (TAF) in July. It will offer $75 billion in an auction to be held on Monday, July 14, and $75 billion in an auction to be held on Monday, July 28.