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Board Announces Amounts of TAF Credit Offered at Two September Auctions Reduced to $75 Billion
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August 28, 2009
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| Circular No. 12134 | |
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The Federal Reserve has announced that the amounts of Term Auction Facility (TAF) credit offered at each of the two auctions in September will be reduced to $75 billion from $100 billion in August. Specifically, the Federal Reserve will offer $75 billion of 84-day credit on Tuesday, September 8, and $75 billion of 28-day credit on Monday, September 21.
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