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

The Federal Reserve announced yesterday it will set a 0.25% minimum bid on its $150 billion 84-day Term Auction Facility credit.

The settlement date is July 16. The loan matures Oct. 8.

The Fed set a minimum bid amount of $5 million per bid, with a maximum of $12.5 billion per institution.

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