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Fed acts to ease liquidity pressures

WASHINGTON
Fri Mar 7, 2008 2:10pm EST

WASHINGTON (Reuters) - The Federal Reserve on Friday announced measures to ease liquidity pressures in stressed financial markets.

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The Fed said it would increase amounts in its Term Auction Facility auctions March 10 and March 24 to $50 billion each, a rise of $20 billion from the amounts announced for each of these auctions.

The Fed also said it would initiate a series of term repurchase transactions that are expected to cumulate to $100 billion.

(Reporting by Mark Felsenthal; Editing by Theodore d'Afflisio)
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