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Reuters: Dealers swift to borrow from Fed under new rules

Started by chris, March 21, 2008, 03:01:05 AM

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chris

Dealers swift to borrow from Fed under new rules
      


NEW YORK (Reuters) - Primary dealers borrowed more than $13.4 billion a day from the Federal Reserve in the latest week, showing brokers were swift to take advantage of new rules allowing them to obtain loans directly from the central bank.
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