TITLE

Fed Says It Will Eliminate 84-Day TAF in January

AUTHOR(S)
Siegel, Gary E.
PUB. DATE
September 2009
SOURCE
Investment Dealers' Digest;9/25/2009, Vol. 75 Issue 36, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Federal Reserve will cut the amount of its 84-day Term Auction Facility (TAF) to 50 billion dollars in October and 25 billion dollars for November and December 2009. The Federal Reserve will also convert the 84-day TAF into a single cycle of 28-day funds offered every 28 days. Moreover, the Federal Reserve notes that it will continue to offer 75 billion dollars per 28-day auction through January 2010 and will assess on whether to retain TAF permanently.
ACCESSION #
44452266

 

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