Press Release

Release Date: May 29, 2008

For release at 11:00 a.m. EDT

The Federal Reserve will conduct three auctions of 28-day credit through its Term Auction Facility (TAF) in June.  It will offer $75 billion in an auction to be held on Monday, June 2, settling on Thursday, June 5, and maturing on Thursday, July 3; $75 billion in an auction to be held on Monday, June 16, settling on Thursday, June 19, and maturing on Thursday, July 17; and $75 billion in an auction to be held on Monday, June 30, settling on Thursday, July 3, and maturing on Thursday, July 31.