Journal Article

The Fed's response to the credit crunch


Abstract: The Federal Reserve Board has used Section 13(3) of the Federal Reserve Act to create several new lending facilities to address the ongoing strains in the credit market.

Keywords: Credit; Financial crises;

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File(s): File format is application/pdf http://research.stlouisfed.org/publications/es/09/ES0906.pdf

Authors

Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Economic Synopses

Publication Date: 2009

Order Number: 6