Temporary Reserves (Fed and FRBNY)

The Temporary Reserves (Fed and FRBNY)

Could not verify through other sources. “Between August and September 2007, the Fed made $93 billion of temporary reserves available for loans to financial firms.” 348

Funding agency and aid type
The funding agency was the Federal Reserve and Federal Reserve Bank of New York.

Loan.

Who benefits
Unknown

Background
Prins: “Between August and September 2007, the Fed made $93 billion of temporary reserves available for loans to financial firms.”

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