Fed Sets 0.25% Minimum On $150B of 84-Day TAFs

Siegel, Gary E.
May 2009
Bond Buyer;5/19/2009, Vol. 368 Issue 33117, p2
Trade Publication
The article reports on the 0.25% minimum bid set by the U.S. Federal Reserve for the $150 billion of the 84-day term-auction facility (TAF) credit. The agency set $5 million as the minimum amount per bid and $15 million as the maximum per institution. Meanwhile, the Treasury Department is planning to sell $35 billion of four-week discount bills.


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