Fed Extends Window Access


	Fed Extends Window Access

Forbes Markets

7-30-2008 9:58 AM

707 views

tags:

federal reserve, credit crisis

Forbes Markets says:

Fed is saying that financial system still looks fragile.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/d3cfa7e8-2fd1-4219-b4a1-d8e1cb53fdfc/46EBAF79-6E54-49C5-BE2A-EACB619E3DBD/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.federalreserve.gov/newsevents/press/monetary/20080730a.htm" href="http://www.federalreserve.gov/newsevents/press/monetary/20080730a.htm" style="font-size: 11px;">www.federalreserve.gov</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.federalreserve.gov/newsevents/press/monetary/20080730a.htm"><P>The Federal Reserve today announced several steps to enhance the effectiveness of its existing liquidity facilities, including the introduction of longer terms to maturity in its Term Auction Facility.  In association with this change, the European Central Bank and the Swiss National Bank are adapting the maturity of their operations.</p> <P><B>Federal Reserve Actions</B><BR />Actions taken by the Federal Reserve include:</p> <UL type="disc">
<li style="margin-left:16px;padding-left: 0px;">Extension of the Primary Dealer Credit Facility (PDCF) and the Term Securities Lending Facility (TSLF) through January 30, 2009. </LI>
<li style="margin-left:16px;padding-left: 0px;">The introduction of auctions of options on $50 billion of draws on the TSLF. </LI>
<li style="margin-left:16px;padding-left: 0px;">The introduction of 84-day Term Auction Facility (TAF) loans as a complement to 28-day TAF loans. </LI>
<li style="margin-left:16px;padding-left: 0px;">An increase in the Federal Reserve's swap line with the European Central Bank to $55 billion from $50 billion.</LI></UL></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/46EBAF79-6E54-49C5-BE2A-EACB619E3DBD/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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