Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Monday, March 17, 2008

Federal Reserve Will Lend Money to Securities Dealers

For the first time, the Federal Reserve will lend money to securities dealers, effective immediately and extending for at least six months.  The move is intended to provide financial institutions with greater assurance of access to funds.   WSJ, Central Bank Offers Loans To Brokers, Cuts Key Rate Historic Steps; NYTimes, Fed Acts to Rescue Financial Markets.

http://lawprofessors.typepad.com/securities/2008/03/federal-reserve.html

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