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Fed set to provide extra liquidity into 2008

From news_archive.php?id=57753

The following Reuter's article is reprinted here in full NEW YORK (Reuters) - The Federal Reserve said on Monday it will conduct a series of term repurchase agreements extending into the new year in response to heightened pressures in money markets. The Fed said the first operation for about $8 billion is set for November 28, to mature January 10, 2008. The timing and the amounts of the subsequent term operations spanning the year end will be influenced by market and reserve developments, the Fed said in a statement. The Fed also said its open market trading desk plans would provide sufficient reserves to resist ... (full story)

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