Fed plans CDs for banks when it needs to sop up cash
Posted: December 29, 2009 at 3:02 a.m.
The Federal Reserve on Monday proposed allowing banks to set up the equivalent of certificates of deposit at the central bank, a move aimed at helping the Fed reel in an unprecedented amount of money plowed into the economy during the financial crisis.
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Business, Pages 26 on 12/29/2009
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