March 7, 2008
The Federal Reserve on Friday announced two initiatives to address heightened liquidity pressures in term funding markets.
First, the amounts outstanding in the Term Auction Facility (TAF) will be increased to $100 billion. The auctions on March 10 and March 24 each will be increased to $50 billion–an increase of $20 billion from the amounts that were announced for these auctions on February 29.
Leave a Comment
You must be logged in to post a comment.