watch Your favorite episode online for free House MD,Heros,Prison Break,Terminator,Knight Rider,Life Episodes ,ALL FOR FREE
Fed Auctions Another $20 Billion In Funds To Banks |
| Published: December 21, 2007, 10:45 am |
|
The Federal Reserve, working to combat the effects of a severe credit crunch, announced Friday it had auctioned another $20 billion in funds to commercial banks at an interest rate of 4.67 percent. The central bank said it had received bids for $57.7 billion worth of loans, nearly three times the amount being offered, indicating continued strong interest in the Fed's new approach to providing money to cash-strapped banks. It was the second of four planned auctions. The first auction, on Monday, of $20 billion resulted in loans being awarded at an interest rate of 4.65 percent. Two more auctions will occur in early January. [ Full article ] |
 Blog link
|
No Comments...