Circular
Federal Reserve to Conduct Two Auctions Through its Term Auction Facility in January 2009
December 9, 2008
Circular No. 12037

The Federal Reserve will conduct two auctions of term credit through its Term Auction Facility (TAF) in January 2009.  It will offer $150 billion of 28-day credit in an auction to be held on Monday, January 12, and $150 billion in 84-day credit in an auction to be held on Monday, January 26.

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