CNN/Money logo CNN/Money 20 months ago

Fed to pump more cash to ease credit crunch

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

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  1. 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. 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

  3. 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 Atlanta Journal Constitution

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  1. Chairman of the Federal Reserve Ben Bernanke speaks during The Economic Club of New York luncheon in New York, November 16, 2009.
  2. ST ANDREWS, SCOTLAND - NOVEMBER 07: The Chairman of the U.S. Federal Reserve Ben Bernanke (R) holds his hands to his face as U.S. Treasury secretary Timothy Geithner reads papers behind him during a break at the G20 Finance Ministers meeting on November 7, 2009 in St Andrews, Scotland.
  3. 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.
  4. 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.
  5. 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.
  6. The Novartis flu cell culture and adjuvant manufacturing facility is seen on the day of its official opening in Holly Springs, North Carolina, November 24, 2009.
  7. LAS VEGAS - NOVEMBER 21:  Employees wear creations during a fashion show to unveil new uniforms for employees at Mandarin Oriental, Las Vegas at CityCenter November 21, 2009 in Las Vegas, Nevada.

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