Wednesday, September 24, 2008

Fed Prints Munny for Foreign Banks Too

Fed moves again to boost dollar liquidity
Adds $30 billion in swap lines with four more central banks

By William L. Watts, MarketWatch

LONDON (MarketWatch) -- The Federal Reserve ramped up its effort to stabilize tight credit markets Wednesday, setting up swap lines that will provide $30 billion to central banks in Australia, Sweden, Denmark and Norway for short-term loans to commercial banks.

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