Fed loan auctions total $435 billion
- Share via
From Times Wire Services
Battling to relieve stressed credit markets, the Federal Reserve said Tuesday that it had provided a total of $435 billion in short-term loans to squeezed banks since December to help them overcome credit issues.
The central bank announced the results of its most recent auction -- $75 billion in short-term loans -- the 11th such auction since the program started in December.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.