WASHINGTON — As part of the gradual wind down of its emergency lending, the Federal Reserve Board said Friday that its cash auctions would be reduced to $75 billion in September, from $100 billion.

Demand for loans from the Term Auction Facility have weakened in recent months as the need for liquidity at financial institutions has lessened. A $100 billion auction held on Aug. 24 attracted $73.4 billion in bids.

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