Federal Reserve will offer $75 billion in 28-day credit through its Term Auction Facility on July 14 and 28, 2008

The following press release was published by the Board of Governors of the Federal Reserve System on July 1, 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 July. It will offer $75 billion in an auction to be held on Monday, July 14, and $75 billion in an auction to be held on Monday, July 28.

Source: Board of Governors of the Federal Reserve System