TeakDoor.com - The Thailand Forum - View Single Post - A note of caution for those with deposits in US Banks

29-03-2008, 05:27 PM

Meanwhile, back on topic:

BBC NEWS | Business | $100bn Fed move over credit fears

$100bn Fed move over credit fears

There Fed has upped the amount of cash available at auction.

The US Federal Reserve will make a further $100bn (£50bn) available to major banks in April, trying to ease concerns about a global credit crunch. The sum, offered across two auctions, is in addition to $260bn provided in short-term loans to the end of March. Other unorthodox steps include the Fed allowing investment banks to borrow from it directly - previously only possible for commercial banks.

A $100 billion here, a $100 billion there, hardly makes the news any more...

29-03-2008, 05:27 PM	#135 (permalink)
bkkandrew Guest Posts: n/a	Meanwhile, back on topic: BBC NEWS \| Business \| $100bn Fed move over credit fears $100bn Fed move over credit fears There Fed has upped the amount of cash available at auction. The US Federal Reserve will make a further $100bn (£50bn) available to major banks in April, trying to ease concerns about a global credit crunch. The sum, offered across two auctions, is in addition to $260bn provided in short-term loans to the end of March. Other unorthodox steps include the Fed allowing investment banks to borrow from it directly - previously only possible for commercial banks. A $100 billion here, a $100 billion there, hardly makes the news any more...