The Fed offered $1 billion for 14 days through its Term Deposit Facility and received bids worth $6.14 billion, the central bank said in a statement today.

今天美联储表示，已经通过定期存款机制出售了10亿美元的14天定期存款，接受的报价达61.4亿美元。

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Earlier, the Fed had announced it was increasing the size of its Term Auction Facility (TAF), set up last December to supply one-month loans to deposit-taking Banks.

早前，美联储曾宣布将增加短期标售工具的规模，短期标售工具在去年12月建立，它给接受存款的银行提供一个月的贷款。

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The development of the Term Deposit Facility is an issue of prudent planning and should have implications for the near-term conduct of monetary policy.

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On a side note: It is my hope that the Federal Reserve could find a way to use the funds received from the Term-Deposit facility program and re-purpose them through a different transmission mechanism that reaches the broader economy.

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However, when central banks pay interest on reserves or a deposit facility, this interest rate is rarely the one used to set the target for short-term private sector borrowing rates.

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