Tuesday, October 7, 2008
MO' MONEY, MO' MONEY!
Global central banks set regular dollar auctions: Fed By Greg Robb Last update: 8:15 a.m. EDT Oct. 7, 2008 WASHINGTON (MarketWatch) -- Global central banks have set a schedule for dollar liquidity auctions that will take place every two weeks through the end of the year, the Federal Reserve announced Tuesday. These auctions include 28-day and 84-day loans and "forward auctions" of cash loans designed to bridge over the year-end. As part of the coordination, the Fed announced its schedule for cash auctions. Yesterday, the Fed said it planned to double the size of its lending to the banking system to a possible $900 billion at the end of the year