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

 

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics