TITLE

The Fed tries another weapon

PUB. DATE
March 1992
SOURCE
U.S. News & World Report;3/2/92, Vol. 112 Issue 8, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Reports that Federal Reserve Board Chairman Alan Greenspan told banks they can trim from 12 to 10 percent the fraction of checking-account deposits they set aside as protection against possible losses. The hope is that perhaps $8 billion to $9 billion in cash will be lent to businesses. What the Fed expects will happen; The Fed is prepared to act if tight money persists.
ACCESSION #
9203022361

 

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