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News Now

Washington
Fed Emergency Lending Changes Open For Comment
WASHINGTON (1/2/14)--The Federal Reserve Board has proposed amendments to rules addressing the emergency lending authority of Federal Reserve Banks, and is accepting comment on these proposed changes.

The Regulation A changes, as detailed in a notice of proposed rulemaking released late last month, are designed to ensure that any emergency lending program or facility is for the purpose of providing liquidity to the financial system, and not to aid an individual failing financial company.

The Fed is accepting comments until March 7.
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