Today, the Federal Reserve, the Bank of England, the Bank of Japan, the European Central Bank (ECB), and the Swiss National Bank are announcing schedules for term auctions of U.S. dollar liquidity to be conducted during the first quarter of 2009. These schedules cover operations providing 28-day and 84-day dollar liquidity. Schedules for provision of dollar liquidity at other terms will be announced separately by individual central banks. Central banks will continue to work together to address pressures in global money markets.
Federal Reserve Actions During the first quarter of 2009, the Federal Reserve will conduct three auctions of 28-day credit and three auctions of 84-day credit through its Term Auction Facility (TAF), as indicated in the schedule below.
Schedule for 28-day and 84-day TAF Auctions First Quarter 2009 Auction Date Term Settlement Date Maturity Date 12 January 2009 28 days 15 January 2009 12 February 2009 26 January 2009 84 days 29 January 2009 23 April 2009 9 February 2009 28 days 12 February 2009 12 March 2009 23 February 2009 84 days 26 February 2009 21 May 2009 9 March 2009 28 days 12 March 2009 9 April 2009 23 March 2009 84 days 26 March 2009 18 June 2009 Related Announcements by Other Central Banks Information on related announcements by other central banks is available at the following websites: Bank of England Bank of Japan (79 KB PDF) European Central Bank Swiss National Bank (61 KB PDF)
