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Using its extraordinary powers during times of turmoil, the Fed announced the creation of the Commercial Paper Funding Facility (CPFF) , allowing the central bank to purchase three-month unsecured commercial paper. "The CPFF will provide a liquidity backstop to U.S. issuers of commercial paper through...
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The Federal Reserve has released the October 2007 Senior Loan Officer Opinion Survey on Bank Lending Practices which addresses changes in the supply of and demand for bank loans both to businesses and consumers over the previous three months which, we presume, corresponds to the third quarter of 2007...