The Fed announced today (Wednesday, July 30th) that they will be extending their discount window terms.
They will be increasing the now 28 days repay loans to 84 days for banking institutions. The first auction offering these terms is on August 11th.
Just another sign that the goverment is willing to do what it takes to releave as much stress on the financial system as possible!
More found on MarketWatch.com!
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