Detroit News Online logo Detroit News Online 20 months ago

Fed to auction more cash this month as credit-crunch fix

WASHINGTON -- The Federal Reserve is taking new steps to ease the credit crises, including increasing the amount of money it will auction to banks this month to $100 billion. Full Article at Detroit News Online

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  1. Federal Reserve
  2. Tom Long
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Related Articles

  1. Democratic Underground logo
    Fed Boosts Emergency Lending to Banks, Seeking to Offset Liquidity Crisis
    20 months ago

    Source: Bloomberg News March 7 (Bloomberg) -- The Federal Reserve plans to increase its loans to banks this month to offset a deepening credit crisis threatening to tip the U.S. economy into a recession. Full Article at Democratic Underground

  2. MSNBC logo
    Federal Reserve moves to ease the credit crisis
    20 months ago

    The Federal Reserve said Friday it is taking bigger steps to ease the United States' credit crisis, including increasing the amount of money it will auction to banks this month to $100 billion (euro64.86 billion). Full Article at MSNBC

  3. CNN/Money logo
    Fed to pump more cash to ease credit crunch
    20 months ago

    The Federal Reserve bank is working to increase liquidity during the credit crunch by auctioning $100B to banks this month. Full Article at CNN/Money

  4. Globe and Mail logo
    Federal Reserve takes new steps to avert credit crisis
    20 months ago

    WASHINGTON The Federal Reserve is taking new steps to ease the credit crises, including increasing the amount of money it will auction to banks this month to $100-billion (U.S.). Full Article at Globe and Mail

Related Quotes

  1. It certainly solidifies the notion that the economy has fallen into a recession
    SOURCE: Baltimore Sun 20 months ago
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Browse More Photos

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  1. ST ANDREWS, SCOTLAND - NOVEMBER 07: Britain's Prime Minister Gordon Brown (L) talks to the Chairman of the U.S. Federal Reserve Ben Bernanke (back to camera), U.S. Treasury Secretary Timothy Geithner (R) and Danish Prime Minister Lars Lokke Rasmussen, during a break at the G20 Finance Ministers...
  2. ST ANDREWS, SCOTLAND - NOVEMBER 06: Ben Bernanke, Federal Reserve Chairman, arrives to attend the G20 Finance Ministers meeting at a hotel in St. Andrews, on November 6, 2009 in St Andrews, Scotland.
  3. NEW YORK - NOVEMBER 04: Traders work on the floor of the New York Stock Exchange moments before the Federal Reserve announced it would leave interest rates unchanged on November 4, 2009 in New York, New York.
  4. WASHINGTON - OCTOBER 30: Former Associate General Counsel of the Board of Governors of the Federal Reserve System Oliver Ireland testifies before the House Financial Services Committee about overdraft fees levied by banks on Captiol Hill October 30, 2009 in Washington, DC.
  5. WASHINGTON - OCTOBER 29: Daniel K. Tarullo, Federal Reserve Governor, speaks during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
  6. Federal Reserve Chairman Ben S. Bernanke gestures during an address in Chatham, Mass. , Friday, Oct. 23, 2009.
  7. ISTANBUL, TURKEY - OCTOBER 3: In this handout image supplied by the IMF, G-7 Finance Ministers and their Bank Governors hold a meeting at the Istanbul Congress Center October 3, 2009 in Istanbul, Turkey.
  8. WASHINGTON - OCTOBER 01: Federal Reserve Board Chairman Ben Bernanke testifies during a House Financial Services Committee hearing on Capitol Hill on October 1, 2009 in Washington, DC. The committee is hearing testimony on the Federal Reserves financial regulatory reform proposals.
  9. WASHINGTON - SEPTEMBER 28: World Bank President Robert Zoellick speaks on global economic crisis at the Johns Hopkins University Paul H. Nitze School of Advanced International Studies (SAIS) September 28, 2009 in Washington, DC.

Cast of Characters

  1. Federal Reserve Federal Reserve
  2. George W. Bush George W. Bush
  3. U.S. Congress U.S. Congress
  4. U.S. Senate U.S. Senate
  5. White House White House
  6. US Department of Defense US Department of Defense