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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (87778)10/6/2008 8:19:39 AM
From: ggersh  Respond to of 116555
 
TAF increased to $900 bil....guess they were afraid of saying anything that had yo do with a Trillion......



To: mishedlo who wrote (87778)10/6/2008 8:40:33 AM
From: Sr K  Respond to of 116555
 
...

The central bank will also begin paying interest on bank reserves. Payments on required reserves will be made at the average targeted federal funds rate established by the Federal Open Market Committee over each reserve maintenance period less 10 basis points.

The Fed gained the authority to pay interest on reserves under the $700 billion financial-rescue legislation approved last week.

...

bloomberg.com