Two Emergency Lending Programs Scaled Back: ; Organization Citing Improving Economy for Reduced Loans

Charleston Daily Mail (September 25, 2009)

Author: Jeannine Aversa
Permanent Link: http://vlex.com/vid/lending-scaled-citing-improving-reduced-67359728
Id. vLex: VLEX-67359728

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Summary:

WASHINGTON - The Federal Reserve said Thursday it is further scaling back two emergency lending programs as the economy improves.

The Fed will reduce the amount of money available to banks in short-term loans under a program called the Term Auction Facility, or TAF.

Extract:

Two Emergency Lending Programs Scaled Back: ; Organization Citing Improving Economy for Reduced Loans

For 84-day loans, the Fed will provide $50 billion in loans in October and $25 billion each in November and December. The total...

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