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Board of Governors of the Federal Reserve System
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Home > News & Events > Press Releases

Press Release
July 24, 2009

Federal Reserve announces that amounts of
Term Auction Facility (TAF) credit offered at
each of the two August auctions will be reduced
to $100 billion
For release at 10:00 a.m. EDT
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The Federal Reserve on Friday announced that the amounts of Term
Auction Facility (TAF) credit offered at each of the two auctions in
August will be reduced to $100 billion from $125 billion in July.
Specifically, the Federal Reserve will offer $100 billion of 84-day credit
on Monday, August 10 and $100 billion of 28-day credit on Monday,
August 24. This reduction is consistent with the expectation indicated in
the Federal Reserve's June 25 press release that TAF auction amounts
would be reduced gradually further in coming months if market
conditions continue to improve.

Last Update: July 24, 2009

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BOARD OF GOVERNORS of the FEDERAL RESERVE SYSTEM
20th Street and Constitution Avenue N.W., Washington, DC 20551