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Federal Reserve announces emergency lending facility. Deposits to be guaranteed

Federal Reserve announces emergency lending facility. Deposits to be guaranteed

Federal Reserve and Treasury:

  • taking decisive actions to protect the US economy by strengthening public confidence in our banking system
  • boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank
  • no losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer
  • we are also announcing a similar systemic risk e... Read More
Posted: Mar 12 2023, 22:17
Author Name: forexlive
Views: 082159

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