Fed Says It Will Eliminate 84-Day TAF in January

Siegel, Gary E.
September 2009
Investment Dealers' Digest;9/25/2009, Vol. 75 Issue 36, p12
Trade Publication
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.


Related Articles

  • Origins of the Federal Reserve Book-Entry System. Garbade, Kenneth D. // Economic Policy Review (19320426);Dec2004, Vol. 10 Issue 3, p33 

    Examines the origins and early development of the U.S. Federal Reserve's book-entry system. Factors that produced the Federal Reserve's book-entry system; Incidents that spurred the development of the book-entry system; Description of the two forms of the definitive Treasury bonds; Definition...

  • Tons of $$, low inflation. Why?  // ABA Banking Journal;Aug2012, Vol. 104 Issue 8, p8 

    The article presents information on the low inflations in the U.S. in context to the tripling of the monetary base during the year 2008 to 2011. It mentions the holding of the money deposited and inaction from providing loans by the banking systems during the period of increasing money supply....

  • Edward W. Kelley Jr. Levy, David // Region (10453369);Sep99, Vol. 13 Issue 3, p14 

    Interviews Edward W. Kelley, member of the Board of Governors of the United States Federal Reserve System. Significant changes in the Board of Governors since 1987; Largest product line of the board; Responsibilities as chair of the Bank Affairs Committee and Payment System Policy Advisory...

  • Inflation still predominant policy concern. Hoxter, Curtis J. // Caribbean Business;5/24/2007, Vol. 35 Issue 20, p12 

    The article cites the stance of the Federal Reserve on inflation in the U.S. The Federal Reserve considers inflation as still the predominant policy concern. It said that core inflation remains somewhat elevated. Its officials were noted to have openly admitted that economic indicators are...

  • Fed's Balance Sheet Contracts Slightly.  // American Banker;10/30/2009, Vol. 174 Issue F312, p17 

    The article discusses a weekly report which was released by the U.S. Federal Reserve in October of 2009. In the report the reserve indicated that its balance sheet had shrunk slightly as a result of a lower use of commercial paper funding and a decrease in central bank liquidity swaps. The...

  • Discount Window Shatters Record. Sloan, Steven // American Banker;9/19/2008, Vol. 173 Issue 182, p1 

    The article reports on an increase in lending which was seen during the week of September 19, 2008 at the U.S. Federal Reserve Board's discount window. Lending which occurred at the window on September 17, 2008 reached $121.3 billion, and in doing so shattered all previous lending records at the...

  • Fed Tells Old Southern to Find a Buyer.  // American Banker;1/15/2010, Vol. 175 Issue F302, p4 

    The article reports on the U.S. Federal Reserve's January 2010 decision to order Old Southern Bank of Orlando, Florida to find a buyer or increase its equity by February of 2010. In the order, which was dated January 13, 2009, the reserve indicated that it felt that the bank was critically...

  • Central Bank eyeing bond buys as 'Operation Twist' nears expiration. Schroeder, Peter // Hill;11/15/2012, Vol. 19 Issue 129, p18 

    The article reports on the opinion of several U.S. Federal Reserve officials on the need for the central bank to increase its monthly bond purchases in 2013.

  • A 1994-style bloodbath: What's the worry for long-term investors? Jackson, Gary // Fundweb;6/25/2013, p9 

    The article reports on the U.S. Federal Reserve's 85 billion dollars-a-month quantitative easing programme that will be rolled later this year. It is said that the Federal Reserve's move has sparked a sell-off across the markets and left investors fearful of another 1994-style bloodbath....


Read the Article


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

Try another library?
Sign out of this library

Other Topics