|
Top Stories
Published
03/28/08
Find Us On Facebook
Fed offers $100 billion more to banks
WASHINGTON, D.C. - The Federal Reserve will auction another $100 billion in April to cash-strapped banks as it continues to combat the effects of a credit crisis.
The central bank said today it would make $50 billion available at each of two auctions on April 7 and April 21. Through the end of March, the Fed has provided $260 billion in short-term loans to commercial banks through an innovative auction process. It also has employed Depression-era provisions to provide money to investment banks. All the moves are designed to cope with a financial crisis that has...
Copyright © Capital Gazette Communications LLC, 2012.
See our Privacy Policy and Terms of Use |
| #1 - English county's official language? (19 comments) |
| #2 - Right Stuff: Judge O'Malley's decision (14 comments) |
| #3 - Animal Control: Injured pit bull used as 'bait dog' (12 comments) |
| #4 - Anne Arundel cracks down on land use offenses (7 comments) |
| #5 - Bates gets $1M grant for gym, theater (7 comments) |
|
If you encounter other problems, please email nlundskow@capitalgazette.com and include your name, username, and any errors or messages that are displayed. The more information you can provide, the better able we will be to assist you.
In order to post or vote on a comment, you must be signed in with a hometownannapolis account.
Take a look at a summary of Commenting Guidelines.
If you encounter other problems, please email nlundskow@capitalgazette.com and include your name, username, and any errors or messages that are displayed. The more information you can provide, the better able we will be to assist you.