Circular
Board and Other Central Banks Announce Schedules for Term Auctions of U.S. Dollar Liquidity
December 19, 2008
Circular No. 12047

The Federal Reserve, the Bank of England, the Bank of Japan, the European Central Bank (ECB) and the Swiss National Bank have announced schedules for term auctions of U.S. dollar liquidity to be conducted during the first quarter of 2009.

These schedules cover operations providing 28-day and 84-day dollar liquidity. Schedules for provision of dollar liquidity at other terms will be announced separately by individual central banks. Central banks will continue to work together to address pressures in global money markets.

Federal Reserve Actions
During the first quarter of 2009, the Federal Reserve will conduct three auctions of 28-day credit and three auctions of 84-day credit through its Term Auction Facility (TAF).

See press release for full details.

Press release offsite