Fed Plans $60B Auctions to Banks in Feb.

January 31, 2008

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The Federal Reserve said Friday it will provide $60 billion in fresh cash to commercial banks in two auctions in February and will keep holding auctions every other week for as long as needed to ease the credit crisis.

*For more on this story,

read the full Associated Press article.

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Fed Plans $60B Auctions to Banks in Feb.

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