Banks bid for triple the cash Fed offers
Story date: 2007-12-19 09:27:00
Added on: 2007-12-19 23:21:44
Boston Globe - WASHINGTON - Cash-strapped banks took the Federal Reserve up on its offer of $20 billion in short-term loans to help them overcome credit problems, but the interest rate wasn't as low as some had hoped. The central bank yesterday said that it had ...
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