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Finance & markets · 17/12/2007

Federal Reserve to Launch Temporary Term Auction Facility (TAF) for Depository Institutions

The Federal Reserve is introducing a new credit facility, the Term Auction Facility (TAF), allowing depository institutions to borrow from the Federal Reserve at interest rates determined by an auction, starting December 12, 2007.

Original source language: Federal Register — Federal ReserveOpen original release →

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