Fed Extends Emergency Lending Programs
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
The Federal Reserve extended its emergency lending programs to Wall Street firms through January after policy makers judged that markets are still “fragile.” The Fed also plans to give securities dealers options for tapping one of the loan programs to ensure financing through the ends of quarters, when funding needs can jump.
