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FED AUCTIONS ANOTHER $50 BILLION TO BANKS

2008-04-22 08:02:12.763
Battling to relieve stressed credit markets, the Federal Reserve has provided a total of $360 billion in short-term loans to squeezed banks since December to help them overcome credit problems. The central bank on Tuesday announced the results of its most recent auction - the 10th since the program started in December, where commercial banks bid to get a slice of another $50 billion in the ...
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October 13, 2008
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