Federal Reserve will offer $75 billion in 28-day credit through its Term Auction Facility on June 2, 16, and 30, 2008

The following press release was published by the Board of Governors of the Federal Reserve System on May 29, 2008. It is reproduced in full below.

The Federal Reserve will conduct three auctions of 28-day credit through its Term Auction Facility (TAF) in June. It will offer $75 billion in an auction to be held on Monday, June 2, settling on Thursday, June 5, and maturing on Thursday, July 3; $75 billion in an auction to be held on Monday, June 16, settling on Thursday, June 19, and maturing on Thursday, July 17; and $75 billion in an auction to be held on Monday, June 30, settling on Thursday, July 3, and maturing on Thursday, July 31.

Source: Board of Governors of the Federal Reserve System