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Federal Reserve to Conduct Three Auctions of 28-day Credit Through its Term Auction Facility in June
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May 29, 2008
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| Circular No. 11957 | |
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The Federal Reserve will conduct three auctions of 28-day credit through its Term Auction Facility (TAF) in June. It will offer $75 billion in an auction to be held on Monday, June 2, settling on Thursday, June 5, and maturing on Thursday, July 3; $75 billion in an auction to be held on Monday, June 16, settling on Thursday, June 19, and maturing on Thursday, July 17; and $75 billion in an auction to be held on Monday, June 30, settling on Thursday, July 3, and maturing on Thursday, July 31. See the press release for full details. Press release
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