Federal Reserve announces it will conduct two auctions of term credit through its Term Auction Facility (TAF) in January 2009

The following press release was published by the Board of Governors of the Federal Reserve System on Dec. 9, 2008. It is reproduced in full below.

The Federal Reserve will conduct two auctions of term credit through its Term Auction Facility (TAF) in January 2009. It will offer $150 billion of 28-day credit in an auction to be held on Monday, Jan. 12, and $150 billion in 84-day credit in an auction to be held on Monday, January 26.

Source: Board of Governors of the Federal Reserve System