Industry NewsMortgage

Fed infusion reins in short-term rates

Real estate brief
Published on Sep 18, 2008

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by CareyBot

In an attempt to encourage overnight loans between banks, the Federal Reserve today authorized a $180 billion expansion of swap lines with the European Central Bank and other overseas central banks.

In a separate move, the Federal Reserve Bank of New York reportedly made $105 billion in repurchase agreements available to keep the effective federal funds market trading close to the Fed's 2 percent target rate ...

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