Federal Reserve will offer $50 billion in 28-day credit through its Term Auction Facility on April 7 and April 21, 2008

The following press release was published by the Board of Governors of the Federal Reserve System on March 28, 2008. It is reproduced in full below.

The Federal Reserve will conduct two auctions of 28-day credit through its Term Auction Facility (TAF) in April. It will offer $50 billion in an auction to be held on Monday, April 7 and $50 billion in an auction to be held on Monday, April 21.

Source: Board of Governors of the Federal Reserve System